scorecardresearchWhat are the benefits of reverse mortgage?

What are the benefits of reverse mortgage?

Updated: 01 Jun 2022, 09:35 AM IST
TL;DR.
A retiree can use their residential property to earn a regular income without having to give up the possession during their lifetime
In reverse mortgage, bank values the price of the house and can approve a loan up to 80 percent of the house subject to a maximum threshold.

In reverse mortgage, bank values the price of the house and can approve a loan up to 80 percent of the house subject to a maximum threshold.