"With regards a Reverse Mortgage the correct terminology (you referred to loan amount as "loan amount") is Maximum Claim Amount when referring to a loan amount. Using "Maximum Claim Amount" is more understandable, to me, when educating a potential client on the workings of a Reverse Mortgage. A SWAP is used by a bank or other financial institution for hedging market interest rate risk. Just know that SWAPs are an important risk hedging tool, if not the most important, for banks..."    View Post