New Workshop on Job Profile of RBI Grade B Officer by Susheel Ragade sir

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Question

Which of the following is not true about Reverse Mortgage?

A It is a special home loan product

B Homeowner aged 62 or older are eligible

C Loan is underwritten based on the value of the collateral (home) and the life expectancy of the borrower

D Borrower has to pay very low monthly EMI

E None of these

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