Post by mangomoney on Nov 6, 2017 16:22:04 GMT 7
Unlocking your home's equity
Published: 6/11/2017 at 04:30 AM
Newspaper section: Business
A reverse mortgage is a powerful source of income for retirees. It helps them cover daily living expenses and healthcare costs by converting their home equity into cash with no repayment of the loan until the borrower dies or the home is sold.
The new financial product fits well with Thailand, which is already an "ageing society": under the United Nation's definition, this is a society in which 10% of its population aged 60 and above.
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more...
www.bangkokpost.com/business/news/1355383/unlocking-your-homes-equity
Published: 6/11/2017 at 04:30 AM
Newspaper section: Business
A reverse mortgage is a powerful source of income for retirees. It helps them cover daily living expenses and healthcare costs by converting their home equity into cash with no repayment of the loan until the borrower dies or the home is sold.
The new financial product fits well with Thailand, which is already an "ageing society": under the United Nation's definition, this is a society in which 10% of its population aged 60 and above.
...........
Those who are eligible to apply for GSB's reverse mortgages are Thais aged between 60 and 80 who own a property that is out of debt. The borrower must also be fully competent and of sound mind.
more...
www.bangkokpost.com/business/news/1355383/unlocking-your-homes-equity
