At present, housing reverse mortgage loan has become popular in China, and more and more people are trying this new loan method. In fact, the concept of housing reverse mortgage loan has long been put forward abroad, and there are relatively mature operation process models. At present, many domestic scholars have begun to pay attention to the implementation of reverse mortgage in China. Let's take a look at what a reverse mortgage is!

1. What is a housing reverse mortgage?

Housing reverse mortgage refers to a kind of secured loan that the elderly mortgage their houses to the bank for loans. The loan bank will comprehensively evaluate the borrower's age, life expectancy, housing value and other aspects, and then pay it to the borrower in cash on a monthly basis or at an agreed time. The borrower can continue to occupy and use the house while getting cash until the borrower dies, and the loan bank will repay the loan in one lump sum within the limit of the house value.

Housing reverse mortgage originated in the Netherlands in the 1980s. In recent years, due to its remarkable effect on solving the problem of providing for the aged in an aging society, this loan method has been rapidly popularized in many countries. The introduction of housing reverse mortgage loan has greatly reduced the living burden of the elderly and improved their living standards.

Two, the three benefits of housing reverse mortgage:

1, the elderly

It can help the elderly with housing to borrow money from banks through mortgage, solve the real shortage of funds, improve their living standards as much as possible in their later years, and has obvious supplementary pension security nature, which can also reduce the pressure on the country's pension.

2. Banks

You can charge more interest than ordinary loans. Due to the large demand for such loans, it will open up a large-scale and brand-new benefit growth point for banks.

3. Insurance institutions

Because banks that provide reverse mortgage loans for housing will require insurance for housing damage and loss to avoid risks, it will also mean new business areas.

Three, the operation method of housing reverse mortgage loan:

Loan target: Abroad, the loan consumption target is generally limited to the elderly over 62 years old. In China, women are 60 years old or 6 1 year old, and men are 65 years old. At this time, the average life expectancy of the elderly is more than ten years. For financial institutions, the loan time is relatively short and the risk is relatively easy to control.

Mortgaged property: it should be limited to the property acquired on state-owned land. * * * part of the property, except the property jointly owned by husband and wife * * *, cannot be used as collateral in principle. For the leased property, the lessee only has the right to use it, and cannot set a mortgage; Similarly, land use rights cannot be mortgaged; Land rights belonging to the state or the collective cannot be mortgaged.