We all know
about Home Loan, Rite!! The opposite
of home loan is Reverse Mortgage.
Under Reverse Mortgage all you need to do is place your fully owned house under
lien with the loan provider such as banks or credit union, and receive monthly
payment from them till the tenure of the loan. Reverse mortgage goes hand in
hand with the owner and the spouse, if any one dies during the tenure of the
loan the lender continues to provide monthly instalment, but if both dies, the
lender gives option to owner’s legal heir to either settle the loan amount and
regain the ownership or allow lender to sell the house and recover the amount. Any
balance amount left over, after settling the loan amount passes over to the
legal heir. The tenure of loan could be 10 to 20 years.
Financial Insights..
How does a Reverse Mortgage work?
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Six Low Risk/Guaranteed Investment Return
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Generating
returns is never an easy task; nevertheless there are some schemes which
provides guaranteed investment return at a very low risk or no risk. Appended
below are some of the schemes which gives you good return at bare minimum risk.
Fixed Deposits (FD)
One of the most renowned
guaranteed Investment scheme is Fixed Deposits (FD). Anyone can open an FD with
any bank or any company allowed accepting deposits.
Steps to Start Investing – There is always a first time!!
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Every time we
hear someone discussing about good return from an investment, don’t we regret
that why this opportunity didn’t come to us. Yes we do, and why we feel this is
because of the simple reason that we don’t invest. Every moment we think of making
an investment, but do we actually invest? We probable give importance to
savings over Investment isn’t?
Well!! There is
always a first time, so start Investing. This article would take you through
some steps/points which would help you to start investing money……