Tagasimaksel
Tagasimaksel, also known as "reverse mortgage" in English, is a financial product designed primarily for older homeowners, typically aged 60 or above, who own their homes outright or have a significant amount of equity. The term originates from Finnish (*tagan* meaning "home" and *maksu* meaning "payment"), reflecting its roots in Finnish financial terminology.
In a tagasimaksel arrangement, the homeowner receives a lump sum, regular payments, or a line of credit
This financial tool allows seniors to access the equity in their homes without the burden of traditional
Tagasimaksel is regulated in Finland by the Finnish Financial Supervision Authority (Finanssivalvonta) to ensure transparency and