What is a ‘Reverse Mortgage’ Scheme?

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What is Reverse Mortgage?
A reverse mortgage (or lifetime mortgage) is a loan available to senior citizens. The finance minister of India introduced this scheme in 2007 which is already well known concept in the West. “Reverse mortgage”, as its name suggests, in simple words is just the opposite of a normal housing loan.

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The best gift for your children on the New Year 2010!!!

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It is that time of the year again when all the festivals are around and the New Year is here again! And you might be totally unable to make out what to gift your parents, spouse or children! Well, EquiTipz has come up with a simplified gifting strategy for you: how about some money?
EquiTipz [...]

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I defaulted on my SIP Installments; what should I do now?

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The extreme volatile conditions in the recent past in the markets have led to hysterical selling by many investors. And this panic-stricken selling is not limited to stocks alone.
There were many investors who have redeemed their mutual fund schemes and have stopped their monthly SIPs too.
However, if you look at it from the other side, [...]

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Importance of Long Term Investments

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Let’s face it. You will not be able to work forever. No matter how healthy you are, there will come a time when you will not be able to work, due to health problems or simply aging. What will you do for an income when the time comes to retire? This [...]

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How Rs 1 lakh grows to Rs 50 lakh in 25 years

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Stock Markets viz. Sensex and Nifty are on the Surge again after watching the downside taking down to the October Lows. You could be wondering if you should still invest in equities and go through the uncertainty from time-to-time. Tell you what, YES, you need to invest in equities. Long-term equity investing as an asset [...]

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