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Related Definitions
Reverse Mortgages Reverse Mortgage is basically a mortgage loan that enables homeowners to borrow money from lenders against the equity of their home.
Fixed-rate mortgages (FRMs) Fixed-rate mortgages (FRMs) is the loans against real property whose rate of interest does not change during the life of the loan.
Adjustable-rate mortgages (ARMs) Adjustable-rate mortgages (ARMs) is the loans against real property whose interest rate periodically adjusts to changes in market interest rates.
Definition