What is reverse mortgage loan?

reverse mortgage loan

what is reverse mortgage loan? The reverse mortgage loan is also called the long-term home mortgage loan. In the case that there is a dwelling with no special sources of income, the home is kept until the housing is secured and the elderly die, when they are paid pension funds and when they die, the house is disposed of by financial institutions.

It's a way to get your mortgage and interest payments.

 

 

The name came from the contrary to the current trend of mortgage loan, a system to receive long-term home loans by issuing mortgage bonds based on real estate, and the trend of money, so it was designated as reverse mortgage.

It is a good loan product when an inactive person needs a certain amount of money to fund after each month.

Renters will be eligible for loans with a maximum loan time of 15-20 years.

 

Monthly payments are made and the loan ceiling is usually 60 % of the house price for more than 10 years, but it is different for the duration of the loan and the area.

The loan rate works in conjunction with the market rate but is not static. There is no income tax credit, but you must pay a certain fee to pay it back within three years.

The reimbursement method requires a temporary payment of the principal and interest at the end of the month, but can be transferred with a mortgage.

You can choose between one to three months of your pension. Because you can't borrow a lump sum of money at a time, you can't afford to use it when you're moving out or build a new house.

 

 

collateralized loan obligation

what is collateralized loan obligation [貸出債權擔保附證券]? The benefit is that the credit guarantee funds guarantee as a type of asset-backed securities issued to the bank as collateral to reduce the risk of borrowing from banks.

Major bond banks combine bonds that they have lent companies with low credit ratings to form a bond pool, then sell them to asset flow agencies, where the company typically uses low credit ratings to issue securities.