House-rich, cash-poor? Now get income for life3 min read . Updated: 29 Dec 2009, 12:48 AM IST
House-rich, cash-poor? Now get income for life
It is the last solution for a retired person. But one that many, who are in the unfortunate position of being house-rich but cash-poor, are being forced to consider. The reverse mortgage product has been in India for more than three years now, but it is still in its early stages of development.
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