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Finance cos await reverse mortgage norms

PUBLISHED ON: September 12, 2007 | Duration: 2 min, 57 sec

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Reverse mortgages, where you can earn rent on a mortgaged home has not found any takers yet. That is because banks, housing finance companies and customers are still waiting for the fine print.Seven months after the Finance Minister announced it in his budget there are several anomalies about the tax breaks on mortgages.
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