Results for #mortgage
Legal
#payment#options#mortgage
I want information on what are the payment options provided by lending institutions under reverse mortgage schemes?
I want information on what are the payment options provided by lending institutions under reverse mortgage schemes?
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Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Question is vague.
Bank Finance
#mortgage#loan
What is reverse mortgage loan? What is my eligibility and how I will get back the title deeds?
What is reverse mortgage loan? What is my eligibility and how I will get back the title deeds?
Answered on November 08, 2017
The scheme of reverse mortgage has been introduced recently for the benefit of senior citizens owning a house but having inadequate income to meet their needs. Some important features of reverse mortgage are:A homeowner who is above 60 years of age is eligible for reverse mortgage loan. It allows him to turn the equity in his home into one lump sum or periodic payments mutually agreed by the bo...
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Bank Finance
#mortgage#property
Is it possible to undertake a mortgage without the delivery of a property?
Is it possible to undertake a mortgage without the delivery of a property?
Answered on November 08, 2017
A housing loan is a classic example of the case, where physical possession has not been handed over, yet a bank mortgage is created on the property
Bank Finance
#mortgage#money#paid
If funds are given under a reverse mortgage, how does the lending institution recover the money paid?
If funds are given under a reverse mortgage, how does the lending institution recover the money paid?
Answered on November 08, 2017
Once you vacate the premises permanently, or in the event of your death, the lending institution will give the first option to the legal heirs of the property to settle the loan. If they are unable to settle the loan, the lending institution will sell the property and, from its proceeds take its share-principal, i.e., the total amount disbursed as loan and the interest on it-and give the balanc...
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Legal
#allottee#mortgage
The definition of an allottee includes not only a transferee by sale but also by another transfer whatsoever, which would include a mortgagee too. So can a mortgagee have the same rights as an allottee?
The definition of an allottee includes not only a transferee by sale but also by another transfer whatsoever, which would include a mortgagee too. So can a mortgagee have the same rights as an allottee?
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