Glossary of Reverse Mortgage Terms

A|B|C|D|E|F|G|H|I|J|K|L|M

N|O|P|Q|R|S|T|U|V|W|X|Y|Z
Pre-Approval - the process of determining how much money you will be eligible to borrow before you apply for a loan.

Property tax deferral (PTD) - reverse mortgages that pay annual property taxes; usually offered by state of local governments.

Proprietary reverse mortgage - a reverse mortgage product owned by a private company.