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Reverse Mortgage ...Still not popular in India?

Reverse Mortgage ...Still not popular in India?

by Madhu Iyengar -
Number of replies: 0

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....