Reverse Mortgage Scheme has been in presence for 8-9 years. In western countries, this product runs with huge success and is a preferred option for retirees. But in India, the same reverse mortgage had to yet take off. Not many are opting for it even though the goodies were rolled out in the second phase.
Buying a house on Loan has been the preferred option for middle class consumers. With increase in disposable income, affordability of EMI repayment have increased. The tax benefit available with this option also makes it a very attractive proposition. The benefit almost gets doubled when you opt for a joint loan with any of your […]