reverse annuity mortgage
- A loan secured by a borrower's home equity where the lender makes regular payments to the borrower
- The elderly homeowner opted for a reverse annuity mortgage to supplement her retirement income.
- Using a reverse annuity mortgage, the retired couple was able to stay in their home while receiving a steady income.
- With significant equity in their property, they considered a reverse annuity mortgage for financial security during retirement.
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