Comments on: India Gets First Reverse Mortgage Annuity Product http://reversemortgagedaily.com/2009/12/30/india-gets-first-reverse-mortgage-annuity-product/ Reverse Mortgage News and Information Sat, 26 May 2012 06:42:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Anonymous http://reversemortgagedaily.com/2009/12/30/india-gets-first-reverse-mortgage-annuity-product/comment-page-1/#comment-38472 Anonymous Sun, 03 Jan 2010 02:13:00 +0000 http://reversemortgagedaily.com/2009/12/30/india-gets-first-reverse-mortgage-annuity-product/#comment-38472 dduck12,rnrnThanks. rnrnI am not sure why the following language was missed but missed it was: "... they need to repay the loan amount to the bank with the accrued interest on it."rn dduck12,rnrnThanks. rnrnI am not sure why the following language was missed but missed it was: “… they need to repay the loan amount to the bank with the accrued interest on it.”rn

]]> By: The_Critic http://reversemortgagedaily.com/2009/12/30/india-gets-first-reverse-mortgage-annuity-product/comment-page-1/#comment-35424 The_Critic Sun, 03 Jan 2010 00:13:47 +0000 http://reversemortgagedaily.com/2009/12/30/india-gets-first-reverse-mortgage-annuity-product/#comment-35424 dduck12,<br><br>Thanks. <br><br>I am not sure why the following language was missed but missed it was: "... they need to repay the loan amount to the bank with the accrued interest on it." dduck12,

Thanks.

I am not sure why the following language was missed but missed it was: “… they need to repay the loan amount to the bank with the accrued interest on it.”

]]> By: dduck12 http://reversemortgagedaily.com/2009/12/30/india-gets-first-reverse-mortgage-annuity-product/comment-page-1/#comment-35383 dduck12 Wed, 30 Dec 2009 18:40:19 +0000 http://reversemortgagedaily.com/2009/12/30/india-gets-first-reverse-mortgage-annuity-product/#comment-35383 Go to this link and look under What's New. I think it's roughly the same as tenure, or a two step immediate annuity purchase. As in comparing tenure vs. an IA, it depends on the numbers and terms. Go to this link and look under What's New. I think it's roughly the same as tenure, or a two step immediate annuity purchase. As in comparing tenure vs. an IA, it depends on the numbers and terms.

]]> By: The_Critic http://reversemortgagedaily.com/2009/12/30/india-gets-first-reverse-mortgage-annuity-product/comment-page-1/#comment-35379 The_Critic Wed, 30 Dec 2009 15:48:33 +0000 http://reversemortgagedaily.com/2009/12/30/india-gets-first-reverse-mortgage-annuity-product/#comment-35379 The new plan seems to make no sense. A bank is paying the principal amount to someone for an annuity for the borrower and the heris will have to pay the bank the principal amount to retain the house. Yet the bank is going to make an enormous profit. How?<br><br>Maybe an example would help using numbers rather than Indian denominations. The new plan seems to make no sense. A bank is paying the principal amount to someone for an annuity for the borrower and the heris will have to pay the bank the principal amount to retain the house. Yet the bank is going to make an enormous profit. How?

Maybe an example would help using numbers rather than Indian denominations.

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