Business Daily from THE HINDU group of publications
Monday, Feb 16, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Monday, Feb 16, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Mentor
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Credit Market Money & Banking - Interest Rates Columns - For the Asking Reverse mortgage Are the new home loan interest rates applicable to reverse mortgage loans as well? R. Tirupurasundari, SrirangamNo. Reverse mortgage loans are not exactly housing loans but in the nature of personal loans. In the event, they normally attract higher rates of interest. Reverse mortgage conceptually was born out of the need to supplement income of those people sitting on hot properties but having no source of income whatsoever. Therefore its connection with house is only tangential though not tenuous. S. MURLIDHARAN ASK! Send in your queries to ask@thehindu.co.in http://MentorQA.blogspot.comMore Stories on : Credit Market | Housing Finance | Interest Rates | For the Asking
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