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
Added to glossary by
TargamaT team
Sep 29, 2017 09:37
6 yrs ago
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English term
Home Equity Conversion Mortgages
English to Arabic
Other
Finance (general)
Most reverse mortgages today are called Home Equity Conversion Mortgages (HECMs).
Proposed translations
(Arabic)
4 +1 | تحويل الرهون العقارية لملكية المنزل (إلى نقود يستفيد منها صاحب الرهن العقاري)ـ | TargamaT team |
Change log
Oct 4, 2017 14:48: TargamaT team Created KOG entry
Proposed translations
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Selected
تحويل الرهون العقارية لملكية المنزل (إلى نقود يستفيد منها صاحب الرهن العقاري)ـ
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.
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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