Reverse Mortgage Does not Obligate the Borrower to Repay
28/06/2021 Financial & Legal Services
Price: Check with seller
Description
A reverse mortgage loan is a sub-type of mortgage loans where individuals above the age of 60 can mortgage property to avail funds against it. Borrowers can opt for a monthly payment scheme, or they can avail of a lump-sum amount at once. Retired individuals who do not have access to any regular source of income can opt for this facility to meet their regular expenses.
You can check more about reverse mortgage at Bajaj Finserv’s website.
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Alisha Antil
Individual
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