Reverse

Mortgage
An Insight into Reverse
Mortgage
Contents
• Concept of RML
• Brief History
• Guidelines Issued By NHB*
• Applicability Of RML in India
• Impact on Economy
• Risk Associated with RML
• Conclusion
*National Housing Bank
Reverse Mortgage
An Insight into Reverse Mortgage

• Concept of RML
• Brief History
Reverse Mortgage
An Insight into Reverse Mortgage

• Guidelines Issued By NHB

Guidelines Issued By NHB
• Who can issue RML
• Eligibility criteria for RML
• Maximum duration of RML
• Eligible amount of RML Table
• Nature of Payment
• End use of RML
• Interest rate
• Settlement of RML
Applicability of RML in India
• Elderly Population & their need
• Shifting from Joint Family to Nuclear
Family
• Emotional Factors
• Availability of Housing Loan
Impact on Economy
• Transforms illiquid assets to liquid
Cash
• Better Social Security Measure
Risk Associated with RML
• Lenders ‘ Risks
• Borrowers ‘ Risks
Conclusion