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Reverse Mortgage

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bakshijs@yahoo.com

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Post Posted: Wed Nov 28, 2007 9:36 am    Post subject: Reverse Mortgage
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Is ICICI bank starting reverse mortgage scheme for senior citizen? If so when?
Bakshi

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Post Posted: Wed Nov 28, 2007 9:45 am    Post subject: Tony Golden
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Hello Bakshi,

I am not aware of that institution. There are may banks that now offer reverse mortgage programs and they all have fine print and are not the same. The one that seems to be most popular is the HECM program offered through HUD.

Hope that helps
Tony Golden

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Post Posted: Wed Nov 28, 2007 6:55 pm    Post subject:
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Hello JS Bakshi,

ICICI is India's second largest bank. You should contact that bank to find out whether or not they are offering reverse Mortgage now. They also operate in the USA.

Jean
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Post Posted: Thu Nov 29, 2007 4:16 am    Post subject:
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Hello Bakshi,

ICICI is planning to launch the reverse mortgage program for the senior citizens but the exact time has not been declared.
JS Bakshi

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Post Posted: Sun Feb 03, 2008 7:07 am    Post subject: Reverse Mortgage
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Any further development on launching of reverse mortgage scheme by ICICIBank
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Post Posted: Mon Feb 04, 2008 2:35 am    Post subject:
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No, they have postponed it for the time being.
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