The National Housing Bank (NHB) is discussing for tie-ups with a few insurance firms with regards to offering insurance-linked housing finance products. With the increased life expectancy, most of the borrowers will outlive their term of reverse mortgage and end up giving up their property. Hitherto, banks have disbursed around 2,000 loans worth Rs 550 crore, the source said.
Reverse mortgage is now being seen as a way to meet the financial requirements of elderly house-owners. The apex body after joining with hands Tina Ambani promoted Harmony for Silvers Foundation, hopes to create more awareness about reverse mortgage, clear misconceptions and provide unbiased advice to senior citizens about this product.
Reverse mortgage is now being seen as a way to meet the financial requirements of elderly house-owners. The apex body after joining with hands Tina Ambani promoted Harmony for Silvers Foundation, hopes to create more awareness about reverse mortgage, clear misconceptions and provide unbiased advice to senior citizens about this product.
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