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 […]
Topics - Real Estate
Options for adding Spouse’s name as co-owner of the Property
Adding another owner (as co-owner) to your property can be done through.. Sale Deed You can include your Spouse’s name in the new sale deed mentioning the ratio or portion of the ownership and get it registered. The stamp duty is typically in the range of 5-12.5% of the market value of the property (varies […]
