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Eligible end Use of Funds: The Loan amount under Reverse Mortgage can be used for the following purposes: Up Gradation, Renovation or Extension of Residential Property. Medical emergencies. Supplementing Pension Income. Other Genuine need. Please note that this loan can’t be extended for Speculative or Business purposes. Must Read: What is Reverse Mortgage Which Institutions […]
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What is reverse mortgage? is a very common question asked by most of clients these days. So lets check what really Reverse Mortgage means and how it can help retired people in their golden years. Have you ever met a person who’s spent his whole life paying EMIs of home loan, car Loan, Personal Loan […]
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Mis-selling of insurance products is rampant in our country. Here’s are a few thoughts to protect yourselves. The new regulations coming into effect from September 1, 2010 in the insurance industry is most certainly a welcome change. But in the short-run, it is leading to considerable mis-selling by agents. In fact, it has become a […]
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Money cannot buy everything, but it can sure make life easier. If cashflows are in place, retirement becomes very comfortable. For a financially independent person, it will be very difficult to be able to adjust becoming dependent on someone after retiring from work. Besides there are other issues to be dealt with. Retirement brings lot […]
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The banks have moved to a new base rate system. This is to make the lending rate more transparent. Also, the changes in lending rates are passed on to the client. Erstwhile Prime Lending Rate ( PLR) had been opaque and much of the lending were happening below this rate, in any case. Also, the […]
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