Investment in a property can be highly profitable. But when you need cash to meet your unexpected expenditure (like medical expenses or child education expenses) it may not be possible to sell it. Infact no one would like to sell their property to meet short term unexpected expenses. Real life experience: One of my friend […]
Loans & Credit
Reverse Mortgage (Home Loan)
What is it? A reverse mortgage (or lifetime mortgage) is a loan available to senior citizens. Reverse mortgage, as its name suggests, is exactly opposite of a typical mortgage, such as a home loan. How does it work? In a typical mortgage, you borrow money in lump sum right at the beginning and then pay […]
