China Reverse Mortgage Legal Changes
Welcome to the Official Website for the book China Reverse Mortgages, written by reverse mortgage expert, Dr. Yan Cheng. The book is written to provide basic and in-depth information on Reverse Mortgages. It becomes a very useful tool to both mortgage practitioners and educators in the country.
The China Reverse Mortgages book covers all reverse mortgage information as in concerns China. Even the legal elements involved as spelled out by the Chinese regulatory mortgage laws are explained fully in the book. The history of Chinese Reverse Mortgages is also traced. Reverse Mortgages is an emerging industry in China and is yet to be fully accepted by the full mortgage community.
The Government is trying to promote it so that its older population can benefit from it. Reverse Mortgages is a unique form of mortgage loan that allows older citizens who are above 62 years of age to reverse the equity of their home property. They therefore, can get loans drawn upon their homes without the fear of losing their homes. This is because the reverse mortgage loan is not repayable until the mortgage beneficiary moves out of the home or the home is sold at their death.
Dr. Yan Cheng the Author of the book, China Reverse Mortgages was born and raised in the United States but has kept in touch with his fatherland. A seasoned mortgage educator and practitioner, he is very experienced in Reverse Mortgages. His first degree was in Finance and Mortgages and he later went on to get a doctorate degree. He spent about 7 years lecturing in Stamford University. The book is a culmination of about 4 years of gradual extensive study and research into the Chinese Mortgage Industry, including the laws and legal requirements.
To order the book is fairly easy; just visit the order page. You can get an online copy or a hard copy mailed to you.