Reflections On China's Development Of Reverse Mortgage Loans

With the change of home structure and enhancement of consumption, more and more people begin to accept "reverse mortgage loan". Reverse mortgage loan confront dilemma and chance in our country. Conference to abroad mature operation pattern, we try to find reverse mortgage loan to suit our country.This text is in summarizing the foreign reverse mortgage loan on the foundations of experience and law instead conscientiously, have analyzed the era background of the reverse mortgage loan, theoretical foundation, have probed into necessity, feasibility, meaning and main obstacle existing of introducing the reverse mortgage loan into our country, mode, operating mechanism of organization studying the reverse mortgage loan of development house of our country and should be fetched, carry on product design, utilize insurance to be precise to charge method set up house reverse products of mortgage loan price at model, have designed the route where our country developed reverse mortgage loan, have set up the basic frame of the reverse mortgage loan tentatively. Its design is as follows: It must be for oneself in debtor of mortgage loan it have house and regard this house as one's own residences permanent last the elderly (sex of 60 herein no matter). The old man must have property right rooms and have the right to totally control independently. The time limit of the loan is for its service life of expecting to survive. In order to reduce financial risks, the reverse mortgage loan mode that our country implements is to take house as mortgages, having fixed loan time limit, both sides of debt-credit agree to return loan date, the bank pays loan to the debtor on schedule during debit and credit sides, no longer pay the debtor in the bank after this expiration of time limit. If the debtor did not break a contract, yes did not refund until the debtor dies, moves out when the item takes place. After the old man passes away, bank will have house property, lower than bank gross expenditure includes the interest these years, it is flat or support with it, then the bank and old man's reverse mortgage relation are over, the insufficient part is compensated by the government or insurance company; If it is higher than gross expenditure and interest of the bank to auction the result, surplus part (including house appreciation) go on, arrange for according to old man's testament inheritor to return old man so. All principal and interest that the debtor or its inheritor can repay the loan with the cash directly, continue protecting the ownership with house.At last this text still offer the suggestion of solving countermeasure and policy to the reverse mortgage loan we may be meet in our country. Hope to put forward a new thinking and working technique to solve the serious supporting parents day by day of our country.