Farmland Reverse Mortgage
Real estate
Contents
¥°. Introduction : What is Farmland reverse mortgage(FRM)
- Concept
- Introduction background
- Qualification for join
- Method of payment
- Advantages of FRM
¥±. Main subject : Field Investigation Team 1, 2
- Examples of FRM(case 1, 2)
¥². Conclusion : Problems and alternative solutions of FRM
- Problems
1. Instability of financing on Farmland Reverse Mortgage Loan System
2. Incompetent risk management system of Farmland Reverse Mortgage System
3. Other problems on operating Farmland Reverse Mortgage System
- Alternative solutions
1. Constructing the stable financing on Farmland Reverse Mortgage Loan System
2. Reinforcing the risk management on Farmland Reverse Mortgage Loan System
3. Alternatives solutions on other sides of Farmland Reverse Mortgage Loan System
¥³. References
¥´. Minute(recording of meeting)
¥°. Introduction : What is Farmland reverse mortgage(FRM)
Farmland reverse mortgage is ¡¦(»ý·«)
|
ced in 2xxx.
To join FRM, farmer needs some qualifications. First, a farmer and farmer`s spouse are more than 65 years. Second, farmer needs to have more 5 years of farming career. But this career doesn`t need to be consecutive. Third, the size of farmland is less than 30,000§³ and the farmer have to own this farmland. The use of farmland is rice paddy, field and orchard. The farmland that used for actual agriculture is relevant to FRM. Farmland which is established to Limited real right are not allowed to join the FRM. (Ex : Mortgage, Seizing, provisional attachment, provisional disposition).
There are two kinds of payment method. one is method for whole life, the other is method for period life. Payment for whole life is method that pay pension duration of life, payment for period life is method that pay pension every month.
Next, there are many advantages of FRM. First, the farmer and farmer`s spouse can receive pension before they died. If farmer who receive pension d