Lousteau presented a proposal for retirees who own the City to add income with their houses

2023-07-27 21:33:18

Almost two weeks after the PASO, Martín Lousteau presented a project to create reverse mortgagesa sistem for retirees to have an extra income. As indicated by the candidate for Together for Change, it would allow older people to add income while keeping the property they own.

The reverse mortgage concept is not used in Argentina, but it is in other countries such as Spain. It’s about a Mortgage loan with the guarantee of your home that allows retirees to have an extra monthly income for the rest of their lives. In case they want to keep the property, that loan will be paid by the children or heirs of the retiree once they die.

As the objective of that mortgage loan It is sought that retirees with their own home, but with an unstable economic present, can access an extra income. Lousteau’s team pointed out that since many older adults own property as their only capital, the reverse mortgage allows them to use that capital while they are alive in addition to having it as a home.

Regarding this, they stated:It is a great advantage, especially for those who do not have children or heirs, since they can agree on higher monthly amounts and live better.. He gives his house to a bank as collateral in exchange for a fixed income per month. The fixed amount is decided by mutual agreement with the bank and can be updated by cost of living.

What did Lousteau say?

Lousteau assured that, in case they vote for him, he will create a cultural pass for the elderly, as students have today, so that they can enjoy the richness of the cultural life that it has Buenos Aires. “We want the City to be seen through the eyes of the elderly and that the infrastructure, services and public policy have their gaze. We are going to carry out public campaigns to end the mistreatment of the elderly, ”she concluded.