Reverse mortgage, is a special type of loan against a home that allows the borrower to convert a portion of the equity in the property into cash. In simple words, reverse mortgage is a scheme where any individual (senior citizen) who has a self-occupied house and is looking for regular income can mortgage it to a financial institution. .....SBI has come up with this scheme....
Reverse Mortgage ...Still not popular in India?
This discussion has been locked so you can no longer reply to it.