Outrageously Funny Word Dictionary :: What is reverse mortgage

👉 "What is a Reverse Mortgage?" you ask, with a smirk. "It's like borrowing your house to take care of someone else who needs some extra help," I say, my voice rising as the word echoes in my throat.

"Reverse mortgage," says the other person, his tone heavy with disbelief. "What does that even mean? Does it have something to do with taking back our homes?" "Think about it," I reply. "When you buy a house, you're essentially borrowing it for a year or so before you want to sell it. But if you need the money later on, you can just take over ownership of it." "But what if we don't want to live in it?" the first person asks. "Then what do we do?" "Well," I say, my eyes lighting up with glee. "We just call it a reverse mortgage and move into our house!" The second person's reaction is swift and unexpected: "What? How is that not a reverse mortgage?" "Let me explain," I say. "It's like when you have the flu for a few days, and then you're told to take over someone else's sick room so they can rest." "But how are we supposed to know who'll be taking care of us?" the first person asks. "Well," I say, my voice rising with confidence. "We just follow the instructions on the reverse mortgage form! Trust me!"