Home Equity Conversion Mortgages

Arabic translation: تحويل الرهون العقارية لملكية المنزل (إلى نقود يستفيد منها صاحب الرهن العقاري)ـ

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Home Equity Conversion Mortgages
Arabic translation:تحويل الرهون العقارية لملكية المنزل (إلى نقود يستفيد منها صاحب الرهن العقاري)ـ
Entered by: TargamaT team

09:37 Sep 29, 2017
English to Arabic translations [PRO]
Finance (general)
English term or phrase: Home Equity Conversion Mortgages
Most reverse mortgages today are called Home Equity Conversion Mortgages (HECMs).
Abdelaziz TALIBI
Morocco
Local time: 10:56
تحويل الرهون العقارية لملكية المنزل (إلى نقود يستفيد منها صاحب الرهن العقاري)ـ
Explanation:
http://www.investopedia.com/terms/h/hecm.asp

A special type of mortgage that enables older home owners to convert the equity they have in their homes into cash, using a variety of payment options to address their specific financial needs. Unlike traditional home equity loans, a borrower does not qualify on the basis of income but on the value of his or her home. In addition, the loan does not have to be repaid until the borrower no longer occupies the property. Sometimes called a reverse mortgage.

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TargamaT team
France
Local time: 11:56
Grading comment
Thank you.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1تحويل الرهون العقارية لملكية المنزل (إلى نقود يستفيد منها صاحب الرهن العقاري)ـ
TargamaT team


  

Answers


8 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
home equity conversion mortgages
تحويل الرهون العقارية لملكية المنزل (إلى نقود يستفيد منها صاحب الرهن العقاري)ـ


Explanation:
http://www.investopedia.com/terms/h/hecm.asp

A special type of mortgage that enables older home owners to convert the equity they have in their homes into cash, using a variety of payment options to address their specific financial needs. Unlike traditional home equity loans, a borrower does not qualify on the basis of income but on the value of his or her home. In addition, the loan does not have to be repaid until the borrower no longer occupies the property. Sometimes called a reverse mortgage.



TargamaT team
France
Local time: 11:56
Specializes in field
Native speaker of: Native in ArabicArabic, Native in FrenchFrench
PRO pts in category: 1355
Grading comment
Thank you.

Peer comments on this answer (and responses from the answerer)
agree  Eman AlFaramawy
2 days 4 hrs
  -> شكرًا جزيلا :-)
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