BT Explains: Reverse mortgage with a CPF twist

Article by The Business Times
26 August 2021

DBS has introduced a way for seniors to take a reverse mortgage against a fully paid private home, and for these seniors to channel that borrowed amount into CPF Life, Singapore’s insurance annuity scheme. 

The Business Times looks at various concerns, how this scheme stacks up with other options for retirees, and the considerations in deciding which to take up. 

Lena Teng, Head of Solutions, MoneyOwl was quoted in the Business Times’ article. 

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