{"id":26263,"date":"2013-10-23T10:49:15","date_gmt":"2013-10-23T05:19:15","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=26263"},"modified":"2020-06-15T03:34:21","modified_gmt":"2020-06-14T22:04:21","slug":"26263-senior-citizens-to-enjoy-reverse-mortgage-benefits","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\/","title":{"rendered":"Senior Citizens to Enjoy Reverse Mortgage Benefits"},"content":{"rendered":"<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-26265\" alt=\"senior-citizen\" src=\"https:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/10\/senior-citizen.jpg\" width=\"300\" height=\"250\" \/>Delhi:<\/strong> This festive season brings some good news for the senior citizens. The Government has made regulation of monthly income more convenient for the senior citizens. Here onwards the annuity income gained from a reverse mortgage will be exempted of taxes. The Government has also lifted the constraint on the 20 year annuity payment stating that this would be applicable as long as the owner survives.This scheme was launched in the year 2009 and since then numerous citizens have availed this scheme. The convenience offered by these schemes will help the citizens in the later years.The reverse-mortgage loan states that a citizen of above 60 years of age can enjoy the benefit of using his\/her residential space until the mortgagee or spouse lives. This will make loans more <a href=\"https:\/\/www.bharatestates.com\/blog\/how-to-make-a-senior-citizen-friendly-house\/\" target=\"_blank\">senior citizen friendly<\/a>.In short a reverse mortgage allows a senior citizen to avail the equity on their homes without a source of income. No principal or interest payment is required in this case. On the death or departure of either one of the mortgagee, if the other one continues to occupy the property then the conditions hold true.If the borrower sells his property then he\/she shall be liable for the repayment. According to the scheme introduced the annuity on reverse mortgage has now been made tax free.Insurance companies from all over will also be a part of this scheme. By this the annuity income is all set to rise in comparison to the present statistics for a reverse mortgage. Out of the total loan amount 50% or a part amount (whichever is lower) will be given at one go whereas the remaining will go into the annuity fund.The changes introduced in the reverse mortgage will help the senior citizens to get a convenient tax break and sustainable financial security in the years to come.<span style=\"left:100%;display:inline-block;position:fixed\"><a href=\"http:\/\/rusbankinfo.ru\/\">\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a><a href=\"http:\/\/rusbankinfo.ru\/credits.html\">\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Delhi: This festive season brings some good news for the senior citizens. The Government has made regulation of monthly income more convenient for the senior citizens. Here onwards the annuity income gained from a reverse mortgage will be exempted of taxes. The Government has also lifted the constraint on the 20 year annuity payment stating [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-26263","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Senior Citizens to Enjoy Reverse Mortgage Benefits -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bharatestates.com\/blog\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Senior Citizens to Enjoy Reverse Mortgage Benefits -\" \/>\n<meta property=\"og:description\" content=\"Delhi: This festive season brings some good news for the senior citizens. The Government has made regulation of monthly income more convenient for the senior citizens. Here onwards the annuity income gained from a reverse mortgage will be exempted of taxes. The Government has also lifted the constraint on the 20 year annuity payment stating [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bharatestates.com\/blog\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/gayatri.subramanian\" \/>\n<meta property=\"article:published_time\" content=\"2013-10-23T05:19:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-14T22:04:21+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/10\/senior-citizen.jpg\" \/>\n<meta name=\"author\" content=\"gayatri\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"gayatri\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\\\/\"},\"author\":{\"name\":\"gayatri\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/#\\\/schema\\\/person\\\/1180a0f24df7b14521fe8fa55b2391fc\"},\"headline\":\"Senior Citizens to Enjoy Reverse Mortgage Benefits\",\"datePublished\":\"2013-10-23T05:19:15+00:00\",\"dateModified\":\"2020-06-14T22:04:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\\\/\"},\"wordCount\":322,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.bharatestates.com\\\/blog\\\/wp-content\\\/uploads\\\/2013\\\/10\\\/senior-citizen.jpg\",\"articleSection\":[\"Realty News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\\\/\",\"url\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\\\/\",\"name\":\"Senior Citizens to Enjoy Reverse Mortgage Benefits -\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.bharatestates.com\\\/blog\\\/wp-content\\\/uploads\\\/2013\\\/10\\\/senior-citizen.jpg\",\"datePublished\":\"2013-10-23T05:19:15+00:00\",\"dateModified\":\"2020-06-14T22:04:21+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/#\\\/schema\\\/person\\\/1180a0f24df7b14521fe8fa55b2391fc\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\\\/#primaryimage\",\"url\":\"http:\\\/\\\/www.bharatestates.com\\\/blog\\\/wp-content\\\/uploads\\\/2013\\\/10\\\/senior-citizen.jpg\",\"contentUrl\":\"http:\\\/\\\/www.bharatestates.com\\\/blog\\\/wp-content\\\/uploads\\\/2013\\\/10\\\/senior-citizen.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Senior Citizens to Enjoy Reverse Mortgage Benefits\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/\",\"name\":\"\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/#\\\/schema\\\/person\\\/1180a0f24df7b14521fe8fa55b2391fc\",\"name\":\"gayatri\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g\",\"caption\":\"gayatri\"},\"description\":\"The power of writing drives the author into exploring exciting dimensions of life. Testing new waters have always been a part of her writing expeditions. Writing becomes more enjoyable when you become one with it; this keeps her glued to capturing \u2018Whats New and In-Vogue\u2019. The author thoroughly adores writing on real estate which opens up fascinating avenues of research and analysis with creativity at play!\",\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/gayatri.subramanian\",\"https:\\\/\\\/x.com\\\/gayatris2106\"],\"url\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/author\\\/gayatri-s\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Senior Citizens to Enjoy Reverse Mortgage Benefits -","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bharatestates.com\/blog\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\/","og_locale":"en_US","og_type":"article","og_title":"Senior Citizens to Enjoy Reverse Mortgage Benefits -","og_description":"Delhi: This festive season brings some good news for the senior citizens. The Government has made regulation of monthly income more convenient for the senior citizens. Here onwards the annuity income gained from a reverse mortgage will be exempted of taxes. The Government has also lifted the constraint on the 20 year annuity payment stating [&hellip;]","og_url":"https:\/\/www.bharatestates.com\/blog\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\/","article_author":"https:\/\/www.facebook.com\/gayatri.subramanian","article_published_time":"2013-10-23T05:19:15+00:00","article_modified_time":"2020-06-14T22:04:21+00:00","og_image":[{"url":"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/10\/senior-citizen.jpg","type":"","width":"","height":""}],"author":"gayatri","twitter_misc":{"Written by":"gayatri","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bharatestates.com\/blog\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\/#article","isPartOf":{"@id":"https:\/\/www.bharatestates.com\/blog\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\/"},"author":{"name":"gayatri","@id":"https:\/\/www.bharatestates.com\/blog\/#\/schema\/person\/1180a0f24df7b14521fe8fa55b2391fc"},"headline":"Senior Citizens to Enjoy Reverse Mortgage Benefits","datePublished":"2013-10-23T05:19:15+00:00","dateModified":"2020-06-14T22:04:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bharatestates.com\/blog\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\/"},"wordCount":322,"commentCount":0,"image":{"@id":"https:\/\/www.bharatestates.com\/blog\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\/#primaryimage"},"thumbnailUrl":"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/10\/senior-citizen.jpg","articleSection":["Realty News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.bharatestates.com\/blog\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.bharatestates.com\/blog\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\/","url":"https:\/\/www.bharatestates.com\/blog\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\/","name":"Senior Citizens to Enjoy Reverse Mortgage Benefits -","isPartOf":{"@id":"https:\/\/www.bharatestates.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bharatestates.com\/blog\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\/#primaryimage"},"image":{"@id":"https:\/\/www.bharatestates.com\/blog\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\/#primaryimage"},"thumbnailUrl":"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/10\/senior-citizen.jpg","datePublished":"2013-10-23T05:19:15+00:00","dateModified":"2020-06-14T22:04:21+00:00","author":{"@id":"https:\/\/www.bharatestates.com\/blog\/#\/schema\/person\/1180a0f24df7b14521fe8fa55b2391fc"},"breadcrumb":{"@id":"https:\/\/www.bharatestates.com\/blog\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bharatestates.com\/blog\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bharatestates.com\/blog\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\/#primaryimage","url":"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/10\/senior-citizen.jpg","contentUrl":"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/10\/senior-citizen.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.bharatestates.com\/blog\/26263-senior-citizens-to-enjoy-reverse-mortgage-benefits\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.bharatestates.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Senior Citizens to Enjoy Reverse Mortgage Benefits"}]},{"@type":"WebSite","@id":"https:\/\/www.bharatestates.com\/blog\/#website","url":"https:\/\/www.bharatestates.com\/blog\/","name":"","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bharatestates.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.bharatestates.com\/blog\/#\/schema\/person\/1180a0f24df7b14521fe8fa55b2391fc","name":"gayatri","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g","caption":"gayatri"},"description":"The power of writing drives the author into exploring exciting dimensions of life. Testing new waters have always been a part of her writing expeditions. Writing becomes more enjoyable when you become one with it; this keeps her glued to capturing \u2018Whats New and In-Vogue\u2019. The author thoroughly adores writing on real estate which opens up fascinating avenues of research and analysis with creativity at play!","sameAs":["https:\/\/www.facebook.com\/gayatri.subramanian","https:\/\/x.com\/gayatris2106"],"url":"https:\/\/www.bharatestates.com\/blog\/author\/gayatri-s\/"}]}},"_links":{"self":[{"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/posts\/26263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/comments?post=26263"}],"version-history":[{"count":1,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/posts\/26263\/revisions"}],"predecessor-version":[{"id":31243,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/posts\/26263\/revisions\/31243"}],"wp:attachment":[{"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/media?parent=26263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/categories?post=26263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/tags?post=26263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}