| Summary: | 碩士 === 國立高雄第一科技大學 === 金融系碩士班 === 106 === Sub-replacement fertility, an aging population, insufficient income source after retirement, and high home ownership rate in Taiwan facilitate the development of reverse mortgage. Commercial reverse mortgage as promoted by banks does not impose limitations on borrower income or real estate price, grants eligibility to non-primary residence, and will henceforth relieve the country’s low housing occupancy rate. This study, based on 15 reverse mortgage products issued by 12 banks in Taiwan, further categorizes Taiwan’s reverse mortgages into general-type, trust-type, insurance-type, and trust insurance-type. Additionally, the study discusses the reasons and purposes for designing the loan conditions of these categories, and analyzes risks for borrowers, banks, and insurance companies. This study not only helps the public compare reverse mortgage products objectively, but proposes future product adjustments for financial institutions, all of which aim to exert positive impacts on Taiwan’s reverse mortgage market.
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