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Reverse Mortgage - The new Realty Mantra Business Articles | October 3 Russell Martin Youth Jersey , 2008
These days the urban male in India typically lives up to the age of 82," says S Sridhar,
chairman and managing director, National Housing Bank. Considering that the retirement
age in India is 58, one typically lives 24 years after retirement. With rising inflation Josh Donaldson Youth Jersey , it becomes
difficult to fund these years by investing in traditional instruments. The answer can be found
in theWest, specifically in the US, where the concept of reverse mortgage is hugely popular
among the newly retired. Essentially, a reverse mortgage is a loan against your home that
you do not have to pay back for as long as you live in that house

Reverse Mortgage: the new realty mantra
For many people born in the 1940s and '50s, a lifetime's savings have gone into building a
home. True Kevin Pillar Youth Jersey , the capital value of the home has appreciated, making them wealthy, but it has
also locked up spending money in a non liquid asset. There is too little cash for the pleasures
of life and dwindling interest rates have only accentuated the problem?
"These days the urban male in India typically lives up to the age of 82," says S Sridhar,