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Reverse Mortgage News

What is Reverse Mortgage, It’s Eligibility and How Does it Work?

Many retirement plans and savings are available in the market to give a comfortable life after retirement. Almost every person plans and saves for this stage of life. Increasing cost of living has made it a little difficult. Here is a ...

Senior citizens get tax break on income from house

With an aim to make the reverse mortgage facility more attractive for senior citizens, the government has decided to give tax break on installment earned by pledging his residential property. Now it has been decided that annuity would be tax ...

What is reverse mortgage loan?

Senior Citizens need regular income for supplementing pension/other income which will address their financial needs. In India, for many senior citizens, a house is the largest component of their wealth. What is reverse mortgage loan? Senior citizens owning a house ...