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You Can Borrow for Retirement With Reverse Mortgage Loan

In a reverse mortgage, the lender uses the equity of your home as security to provide you with a tax-free loan. As it is used by older homeowners to receive income from the equity in their home to be repaid when they no longer occupy the home. Read more at https://www.bajajfinserv.in/what-is-reverse-mortgage

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You Can Borrow for Retirement With Reverse Mortgage Loan

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  1. REVERSE MORTGAGE A reverse mortgage loan is a unique credit option.

  2. Introduction to reverse mortgage In a reverse mortgage, the lender uses the equity of your home as security to provide you with a tax-free loan. As it is used by older homeowners to receive income from the equity in their home to be repaid when they no longer occupy the home.

  3. Reverse mortgage benefitsis that it ensures financial well-being in old age and provides monetary independence to senior citizens. It does not create immediate financialliability on the borrower as he/she does not need to repay the loan amount in EMIs.

  4. With reverse mortgage you can finance your: Debt consolidation Living expenses Home improvements Helping children with college Buying another home that might better meet your needs as you age

  5. THANK YOU

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