What is the reverse mortgage? After retirement, we all dream of a financially prosperous future. However, many times due to a lack of proper financial planning, most of us are unable to accumulate a substantial amount of funds at retirement. There is no source of income at this age stage. In such a situation, the person is forced to be financially dependent on her child or other family members. Many times such a situation is created for the elderly that there is no one to care for them and there is no source of income left. Under such difficult circumstances, it becomes very difficult for the elderly to live. In this episode, today we will tell you about a wonderful scheme. The name of this scheme is Reverse Mortgage Loan. Under this scheme, an older person can make their home a source of income. The special thing about this scheme is that in it the elderly will not even have to vacate their home.
Reverse Mortgage: The bank is giving a pension in the name of the house, you will not have to vacate the house, find out what the scheme is