Get Started with ixamBee
Start learning 50% faster. Sign in now
In a reverse mortgage loan, the borrower is not required to pay back the loan during their lifetime. Reverse mortgage is a type of loan available to elderly homeowners where they can convert a portion of the equity in their home into loan funds. The loan is typically repaid when the borrower permanently moves out of the home, passes away, or sells the property. Until then, the borrower does not make any monthly mortgage payments. Instead, the loan balance increases over time as interest and fees accumulate. The loan is usually repaid from the proceeds of the sale of the home.
What is the full form of PRAN?
What does the seventh and eighth character in the Swift Code represent?
What is the minimum net worth required for a foreign entity interested to act as a clearing member in Bullion Exchange as per the notification provided ...
What is the minimum net worth requirement for partnership firms to be classified as Accredited Investors under the IFSCA (Fund Management) Regulations, ...
Which insurtech startup has entered into a strategic partnership with the Life Insurance Corporation of India (LIC) through which the latter’s produc...
What does BRSR stand for in the context of SEBI's disclosure requirements for ESG responsibilities?
What method is used to calculate the Sensex and Nifty indices in India?
Improving the employee performance is a key part of human resource development. Which of the following helps in achieving this by increasing employee’...
In which of the following phases of change does the organisations require support to sustain the change?
Firm's Cost of Capital is the average cost of:
