guys anyone knows how to download pdfs of ed u ta p using their app so as to rake printout of those...
Has anyone got any mail wrt RBI Specialist Officer Grade B?
I am planning to prepare for RBI grade B 2019. It will be my very first RBI exam. Please someone guide me regarding preparation source and books to be referred.
has anyone seen rbi grade C notification?
Can anyone help me know the exact salary of RBI Grade B Officer?
Please help me with the below survey https://docs.google.com/forms/d/e/1FAIpQLSfl0SnMoj9pDje_Ki6RY5zL8ecsSgalsgrvqvDCdsxEnGuGlg/viewform?usp=sf_link
What is the inhand salary for rbi grade b after taxes?
Am I eligible if I have above 55% in post graduation and below 60% in graduation?
When will be the joining date for rbi grade b general?
#Target RBI Phase 1 GA 2019
What are the schemes asked in RBI Grade b mains this year? Need help.
With this eve of last day promise to forget all your fast and frustrations, let not pessimistic ideation outpace your will power. Learn from your mistakes, stand on your mark, work hard and be ready to deliver your best. Opportunities waiting still. Remember, A champion is defined not by their wins but how they recover when they fall. Say to your inner tenacious determination, I will make it.... THOUGH NOT IMMEDIATELY BUT DEFINITELY!! With forthcoming new year, may all of you come out with shining colours in career prospects. Happy New Year Aspirants. Thank You.
Reverse Mortgage
Reverse Mortgage is the exact opposite of a Home Loan. Anyone, who has a fully owned House can get a loan. The way,
this works, is that his loan money will be divided in chunks (EMI’s) over many years and given to him every month. This
can easily act as Monthly income. At the end of the loan tenure, the Bank stops paying the monthly income. If one of
the spouses dies, the other can still continue living in the house. If both die, the bank gives their heirs two options –
settle the overall outstanding loan and retain the house or, the bank will sell the house, use the proceeds to settle the
outstanding loan and give the rest to the heirs.
How is the loan paid ?
With a reverse home mortgage, no payments are made during the life of the borrower(s). Which means the loan has to
be paid only after both the borrower and spouse die. Since no payments are made during the term of the reverse
home mortgage loan, the loan balance rises over time. In most areas, where the appreciation is good, the value of the
home grows at a much faster rate than the loan balance. Therefore, the remaining equity continues to grow.
When both, the borrower and spouse pass away, the ownership of the home is then passed to the estate or directed
by a living will or will to the beneficiaries. The beneficiaries now own the home and have to sell the home or pay off the
loan. If the home is sold, the reverse home mortgage lender is paid off and the beneficiaries keep the remains. Read
about Real Estate returns over last 10 yrs .
Example :
Mr Ajay is around 62 yrs old, and his wife is 60 yrs old, they live and own a house in Karvenagar, Pune which is worth Rs
1 crore now . They have a daughter and son who are their legal heirs (50:50) . The old aged Ajay and his wife do not
have a monthly income source, so they decide to go in for a Reverse Mortgage loan. The Bank is ready to loan upto 60
lacs to them, which means they will be paid Rs 35k per month for next 15 yrs (just an example.)
Now, they start getting monthly income of 35k per month for next 15 yrs, & they continue to live in the same home.
After this point, their children support them financially and then Ajay dies at age 79. After this, his wife still continues
to live in the house. Sadly she too, passes away at age 85. By this time the total loan outstanding becomes Rs 1.1 crores
(It was 60 lacs at the end of 15 yrs, but after that, it starts growing.)
Now the loan has to be paid off. The son and daughter does not have money to pay to the bank, so the bank decides to
sell off the property. At that time, the price of the house is Rs. 3 crores. The bank sells the house and get total 3 crores,
out of which 1.1 crores is taken by the bank and rest is paid to legal heirs, which they split amongst themselves.
Important Points in Reverse Mortgage
Reverse Mortgage is available to Senior Citizens only. Any house owner over 60 years of age is eligible for a reverse
mortgage. If wife is a co-applicant, she should be above 58.
The maximum loan is up to 60 per cent of the value of the residential property subject to maximum of Rs 50 Lacs.
The maximum period of property mortgage is 15 years with a bank or a HFC (housing finance company.) Minimum
tenure will be 10 years. Some banks like Punjab National Bank offer RML for 20 years also.
The borrower can opt for monthly, quarterly, annual or lump sum payments at any point, as per his discretion.
The revaluation of the property has to be undertaken by the bank or HFC once every 5 years.
The amount received through reverse mortgage is considered as loan and not income; hence the same will not attract
any tax liability. How to do last moment Tax Planning ?
Reverse mortgage rates will vary according to market conditions depending on the wheather borrower has choosen
Fixed or Floating interest rate.
Processing fee for the loan would be between 0.15 per cent and 1.50 per cent of the loan amount.
One can prepay the loan along with the interest any time during the loan tenure. Typically, there is no pre-payment
penalty
Hello friends. I am in dilemma. I got through both SBI PO and RRB PO. I am confused which one to choose.. I will prepare for UPSC and other exams like RBI,NABARD etc.. Kindly help me which one would be more suitable to me.
Thanks.
- RRB PO
- Skip
- SBI PO
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Will there be rbi grade b in 2019 considering the fact that 2018 recruitment still not over and case pending against it in court?
Any DEPR people who received interview call letter today for Mumbai and Delhi centre?
what is the
last date of rbi interview and expected result date
#RBI GA
Dear Candidates, Result of SEBI GRADE-A Assistant Manager Online Main Examination has been declared. To check your Result and Main Examination Scores visit SEBI Official Website. Congratulations to the selected candidates. Interview Call Letter for the same will be made available in few days. Intimation will be sent through email and SMS to all the shortlisted candidates. Thank You.
#rbi ga