Banks are now providing reverse mortgage loans,which is a blessing to the aged people.This is a type of Mortgage Loan where in the bank will disburse the funds in frequent intervels based on the collateral security without the EMI burden.The aged people can use these funds for their personal use and the legal heirs of the property owners can repay the loan amount and get back the property from the bank.
The property collateral may be house or buildings.
The property collateral may be house or buildings.
No comments:
Post a Comment