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.
Reverse Mortgage has been an excellent tool for retirement years in countries like US. Elderly citizens are able to receive regular cash flows from mortgaging their property while continued residing in it. This continues for lifetime of couple which helps them in meeting their post retirement expenses comfortably. In India reverse mortgage was introduced in […]