| "the Housing Endowment", also known as reverse mortgage, is an important complement to the social security system, but also the way to solve the problem of the aged in western countries. The reverse mortgage is that the lenders loan money to the house providers, in this case, the retired people, for a certain period of time after which the house goes back to the owner when he or she pays off the mortgage. Which has a positive significance to alleviate the social crisis of aging society and improve the material and spiritual needs of the aged,promoting the development of financial sector. The article makes a deep research on the system-construction in the process of reverse mortgage, including the basic concepts and characteristics about "the Housing Endowment",the social background of China’s development about "the Housing Endowment", drawing the practical problems of the Reverse Mortgage. Then, Comparative analysis is used to compare the domestic situation with the international one. The forms can effectively show the low cover rate of pension throughout China which leads to the conclusion of the need to. Solve the current problem by the reverse mortgage., the paper has given suggestions on how to build up the system which conforms to the national condition.The unique construction model is supporting systems fit in our country "the Housing Endowment" system. |
