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Cash Flow
Thanks to the reverse mortgage option, seniors can access funds without selling their property.
Supplemental Income
Reverse mortgage payments can be an additional income source for senior citizens, ensuring financial freedom and stability.
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No Monthly EMI
The homeowner is not required to EMIs; instead, the lender pays the borrower a set amount at a pre-determined frequency.
Home Ownership
With a reverse mortgage, seniors can redeem their home equity while retaining its ownership, provided they live in the property.
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Flexible Payment Choices
Reverse mortgages offer payment alternatives such as a lump sum, monthly instalments, or any combination of credit lines.
Compiled By Himani Verma
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