STUDY ON REVERSE MORTGAGE LOAN

STUDY ON REVERSE MORTGAGE LOAN
Author(s):
Ch.Shalini
Keywords:

Abstract
After a life time of Working and raising families, you deserve a good retirement period. SBI reverse mortgage loan provides an additional source of income for senior citizens of India, who have a self-acquire or self-occupied home in India. This product is beneficial for senior citizens who do not have adequate income to support themselves. The bank makes payments to borrower/borrowers (in case of living spouse), against mortgage of his/their residential house property. The borrower is not expected to service the loan during his life time.
Article Details
Unique Paper ID: 153868 Publication Volume & Issue: Volume 8, Issue 8 Page(s): 216 - 219
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Last Date: 15th March 2024

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