What does reverse mortgage mean?

"Reverse mortgage" is also called "reverse mortgage". The earliest reverse mortgages were targeted at the real estate market. Because this type of loan is the opposite of a traditional mortgage, it is called a "reverse mortgage."

1. In China, “housing reverse mortgage” has a special term called “housing for retirement”.

2. The "reverse mortgage" of automobiles and the "reverse mortgage" of real estate are essentially the same. They are both a way of mortgaging property rights to banks or financial institutions to obtain asset liquidity. Through such financial operations, idle funds and solidification of assets are avoided, and consumers are helped to rationally plan their production and life.

1. Reverse mortgage first appeared in the mid-1980s and was founded by a bank in Mount Laurie, New Jersey, USA. It has a history of more than 20 years in developed countries. Nowadays, it has become very popular in the West to use the "anti-mortgage" method to solve the problem of elderly care services for citizens. In China, this model is just emerging.

2. The biggest difference between "reverse mortgage" and ordinary asset-backed loans lies in whether the asset use rights and property rights are transferred in a timely manner. The property rights and use rights of the assets under a "reverse mortgage" remain with the property owner for a certain period of time, while ordinary mortgage loans usually require the transfer of the property rights or use rights of the assets to the lender.

3. Anti-mortgage has just emerged in China and has attracted widespread attention. Some insurance giants and innovative financial institutions have keenly sensed the huge business opportunities brought by this spring breeze of financial reform. They are waiting for the relevant laws and regulations to be finalized and are actively planning their layout.

Reverse mortgage - Baidu Encyclopedia