Reverse Mortgage

A type of loan where an individual borrows against the value of their home and does not have to pay back the principal until the individual sells the home or leaves the home permanently.

More Common Terms

  • Ombudsman A professional who investigates and resolves complaints on behalf of residents of nursing homes and other long-term care facilities.
  • Licensed Practical Nurse (LPN) A professional trained and certified to provide health services including technical nursing services, administration of medication, and changing of dressings.
  • Transfer Devices Lifts, seat lift chairs, transfer boards and other devices which help individuals who have physical disabilities move into and out of their vehicles, wheelchairs and other mobility systems.

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