Why Reverse Mortgage is not Popular in India

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Why Reverse Mortgage is not Popular in India

If you are a senior citizen above 60 years and worried about your savings getting exhausted, your home can be a source of your livelihood. If you are above 60 years of age and own a house, you can avail a loan against it (You are still the owner of the house), with a bank or a housing finance Company. The bank gives you money in installments each month or as a single lump sum which you can live…

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