How does a Reverse Mortgage work?

We all know about Home Loan, Rite!! The opposite of home loan is Reverse Mortgage. Under Reverse Mortgage all you need to do is place your fully owned house under lien with the loan provider such as banks or credit union, and receive monthly payment from them till the tenure of the loan. Reverse mortgage goes hand in hand with the owner and the spouse, if any one dies during the tenure of the loan the lender continues to provide monthly instalment, but if both dies, the lender gives option to owner’s legal heir to either settle the loan amount and regain the ownership or allow lender to sell the house and recover the amount. Any balance amount left over, after settling the loan amount passes over to the legal heir. The tenure of loan could be 10 to 20 years.

Six Low Risk/Guaranteed Investment Return

Generating returns is never an easy task; nevertheless there are some schemes which provides guaranteed investment return at a very low risk or no risk. Appended below are some of the schemes which gives you good return at bare minimum risk.

Fixed Deposits (FD)

One of the most renowned guaranteed Investment scheme is Fixed Deposits (FD). Anyone can open an FD with any bank or any company allowed accepting deposits.

Steps to Start Investing – There is always a first time!!

Every time we hear someone discussing about good return from an investment, don’t we regret that why this opportunity didn’t come to us. Yes we do, and why we feel this is because of the simple reason that we don’t invest. Every moment we think of making an investment, but do we actually invest? We probable give importance to savings over Investment isn’t?

Well!! There is always a first time, so start Investing. This article would take you through some steps/points which would help you to start investing money……