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What Does Mortgage Mean?

Others 818 views 1 replies

MS SAMEER

CMA*CA*CMDM*ast FUND MANAGER*LEGAL ADVIS

14938 Points Posted on 23 June 2010

What Does Mortgage Mean?
A debt instrument that is secured by the collateral of specified real estate property and that the borrower is obliged to pay back with a predetermined set of payments. Mortgages are used by individuals and businesses to make large purchases of real estate without paying the entire value of the purchase up front.

Replies (1)

Ramalingam K

Founder & Director - Holistic Investment

21077 Points Posted on 16 May 2014

What is reverse mortgage ?

Increased life expectancy has lead to the increase in the costs of living and medical expenses . This makes it difficult for many senior citizens that lack a regular income to live a life of dignity. Reverse mortgage is the solution introduced by the Union Government of India in 2007 helps senior citizens.

https://www.holisticinvestment.in/reverse-mortgage

Regards

Ramalingam K, MBA, CFP,

Director and Chief Financial Planner,

Holistic Investment Planners

“Best Performing Financial Advisor Award” Winners from CNBC TV18

www.holisticinvestment.in