A Comprehensive Analysis of Reverse Mortgages within the Indian Retirement Landscape

Abstract

Rearward mortgage loan has been gaining popularity as a agency of financial provision for aged citizen worldwide. This paper examines the conception of reverse mortgage loans in the Indian context and canvas its potential benefit and drawbacks as a strategic retreat provision tool. This paper sheds light on Reverse Mortgage as a potential lighthouse of hope, offering a comprehensive analysis of its function in strategic retirement planning for Indian seniors. Additionally, the subject explores the key features of reverse mortgage loans, such as eligibility criterion, loan sum of money, sake rate, and repayment alternative, and assess their implications for retired person in India.