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What is a Senior Citizen Reverse Mortgage Loan?

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AnswersAnonymousUser Posted by Anonymous (Questions: 1, Answers: 1)
Asked on November 15, 2017 1:27 pm
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Dear Sir/ Ma’am,

Greetings from India Elder Connect!

Thank you for posting your query.

In simple terms, a reverse mortgage is the “opposite” of a conventional home loan. A reverse mortgage enables a senior citizen to receive a regular stream of income from a lender (a bank or a financial institution) against the mortgage of his home.
For more information you can follow the link provided here below:
Link: http://profit.ndtv.com/news/your-money/article-how-senior-citizens-can-benefit-from-reverse-mortgage-373027.

Regards Team IEC

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Indiaelderconnect_admin Posted by India ElderConnect (Questions: 0, Answers: 60)
Answered on November 15, 2017 3:50 pm
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