Weighing the need for a reverse mortgage

Given that real estate makes up the largest single asset of any family, Cagamas Bhd president and chief executive officer Datuk Chung Chee Leong (pic) opines that monetising the equity portion of their home could be a way to help elderly people who do not have enough savings.

RETIREMENT savings have been put in the spotlight for some time now.

The percentage of the population aged 65 and above in Malaysia has hit 7.5% and is predicted to make up 14% of the population by 2044.