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Hana Financial to expand reverse mortgage service for homes valued above 1.2 billion won

Hana Financial Group said it will expand and overhaul the service scope of its reverse mortgage product, Hana The Next My Home Pension, from April 1 for customers aged 55 and older who own homes valued above 1.2 billion won. The group will broaden eligibility to include certain redevelopment and reconstruction properties by applying mortgage liens for a set period. It also added five pension payout limit options, from 500 million won to 1.5 billion won.