DBS and CPF have tied up, to create the new DBS Home Equity Income Loan. This helps older Singaporeans to monetise their property assets, without having to sell. The concept behind this loan isn’t new (banks have tried selling reverse mortgages before, but they were never popular). This is, however, the first time we’ve seen it tied in with CPF. If you’re not familiar with the concept of a reverse mortgage, here’s how it all works: What is a reverse mortgage? With a regular mortgage, the bank lends you the money for the property first, and you pay it back every month until the loan tenure ends. With a reverse mortgage, it’s the other way around. The bank pays you every month, until the end of the loan tenure. At the end of the loan, you then need to pay back the full amount you’ve received, with interest; this is usually done by selling the house to repay the loan....