To ram one's fist up the ass of a midget and hold it aloft victoriously, wearing the midget on one's hand like some fleshy oven mitt.
Willy: Do you watch that show "Little People, Big World?"

Stevus: Yeah, it rocks!

Willy: I wish I could guest star on it so I could give them all the reverse mortgage.
by Nugent J. Niggington December 2, 2008
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An individual dresses up like Magnum P.I., inserts their penis or dildo into their partner’s ass and, upon completion, takes the deed to their partners house.
Tom Selleck enjoys advertising his love for reverse mortgages as a way to pay off debts, medical bills and other expenses without ever being forced to leave your home.
by J Lib February 17, 2022
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Paying a prostitute to fuck you in the ass with a dildo.
Sam 'What's your rate per hour for a reverse mortgage?'
by Loonlake June 26, 2013
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When you have crashed and or been mutilated beyond recognition repair or plastic surgery and hospice is your future for the rest of your life that is a reverse mortgage
When you are sliding down an icy Hill on your toboggan with your family watching and are starfish through the air and immediately s*** with into the hardest snow concrete pack thank you can find on the planet break every bone in your body that is a reverse mortgage
by Amuzer the vandal December 17, 2017
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