The property owner can convert their residential properties into cash and/or a regular stream of monthly payouts – while they can live in the property for the rest of their life while no repayment during lifetime!
Flexible Payment Term
Stable monthly payouts for either a fixed period of 10, 15 or 20 years or throughout entire life and/or lump-sum payout – for specific purposes.
Residing in the Property
Continue residing in the property for the rest of life after taking out a reverse mortgage loan.
No Repayment during lifetime^
The borrowers do not need to repay the reverse mortgage loan during their lifetime.
Upon loan termination
Surplus arising from sale proceeds of the property after loan repayment will be given to personal representatives.
Six-month cooling-off period
Terminate the reverse mortgage loan within the first 6 months and refund and waive all mortgage insurance premiums.
