Many financial institutions offer special home loan products catering to women and senior citizens. These loans often come with benefits like lower interest rates and reduced processing fees, making it easier for these groups … READ FULL STORY
A reverse mortgage loan (RML) is a unique loan product designed for senior citizens who own their own homes. Unlike a traditional mortgage where you make monthly payments to the bank, a reverse mortgage … READ FULL STORY
In order to help senior citizens who own a home but do not want to sell them, and yet, supplement their regular cash flow, the government of India has introduced the ‘Reverse Mortgage Scheme, … READ FULL STORY
Under the Reverse Mortgage Scheme (RMS), a senior citizen can opt to receive an additional source of income on the security of an owned residential house, without having to service it during his lifetime. … READ FULL STORY
The central government introduced the reverse mortgage scheme in 2008. Under the scheme, senior citizens were provided with a facility to get money, in the form of monthly or lump-sum payments, or a combination … READ FULL STORY
