REVERSE MORTAGE: AN ANSWER FOR OLD AGE PENSION
The projects involve study of Indian market potential with respect to specific
characteristics of relevance to reverse mortage namely- old age population and
sources of monetary support for elderly in India. It task into account the current
volumes in the U.S. reverse mortage markets and also various empirical
estimates. The project explores prospects of reverse mortage products in India.
The title of the project is “REVERSE MORTGAGE”. The main objective
behind the study was to understand the concept of Reverse Mortgage and its
Objectives of the study:
To study the organizational structure.
To study the theoretical aspects of Reverse Mortgage.
Statement of the problem:
Study has been taken in order to know the feasibility of Reverse
Sampling method: - Deliberate Convenience Sampling. For selecting the
sample for my survey two important criteria were considered one is that
the age of the respondents should more than 62 and the other criteria is
that respondent should own a house with its title.
Sample size :- 30
Data collection method
Scope of study
Tools used for analysis
Graphs and Charts
Limitations of study:
The limitation of the study is lack of information being provided by
deliberate convenience sampling is used, in which the respondents are selected
on the basis of certain criteria the sample size is less and this is another
limitation of my study.
Points to Ponder :
• An attractive option to the elderly to finance their consumption needs on
• The loan is given without any income, medical or credit requirements
• Encourage more people in the working population to increase the
proportion of their savings invested in housing.
• Reverse mortgage lender in the Indian market must proceed with caution.
• The actual size of the reverse mortgage markets is nowhere near its
Mr. SIddharth Shirali , General Manager Shamrao Vithal Co-op Bank.