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

  • Caregiver A broad term used to refer to an individual who provides care to another individual who cannot care for him or herself due to a disability or functional limitation. This individual could provide nonmedical care such as help with bathing or eating or ...
  • Ambulatory The ability to walk freely and independently.
  • Medical Alert & Call Systems Also known as Emergency Response Systems. An electronic system or device that connects an individual to assistance in an emergency.

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