Reverse Equity Mortgage

09:43 Jun 16, 2015
English to Latvian translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: Reverse Equity Mortgage
DEFINITION of 'Reverse Mortgage'

A type of mortgage in which a homeowner can borrow money against the value of his or her home. No repayment of the mortgage (principal or interest) is required until the borrower dies or the home is sold. After accounting for the initial mortgage amount, the rate at which interest accrues, the length of the loan and rate of home price appreciation, the transaction is structured so that the loan amount will not exceed the value of the home over the life of the loan.

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Austra Muizniece
Local time: 09:24

Summary of answers provided
3Apgrieztā hipotēka
Ines Burrell



2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
reverse equity mortgage
Apgrieztā hipotēka

Atradu te tādu.

Apgrieztā hipotēka: to sauc arī par "mājas kapitāla konvertēšanas hipotēku". Šie kredīti ļauj vecāka gadagājuma iedzīvotājiem pārvērst savas mājas kapitālu ienākumos.

Ines Burrell
United Kingdom
Local time: 07:24
Meets criteria
Works in field
Native speaker of: Native in LatvianLatvian, Native in RussianRussian
PRO pts in category: 16
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