Single amount at signature:
Operation through which the selling party sells the Bare Property and maintains lifetime usufruct, in exchange for receiving a single amount at the beginning of the operation. Logically, by maintaining usufruct and therefore being able to continue living in the home, the buyer acquires it with a discount that depends on the theoretical number of years of the operation. That is, the older the seller, the Bare Property can be sold at a lower discount.
Annuity:
Operation through which the owner of a home sells the Bare Property and maintains the usufruct for life, for life, in exchange for receiving a monthly income for life (until death). In this case, the income is always higher than what would be proposed in a Reverse Mortgage. The amount of the monthly payment depends on the value of the home and the theoretical life expectancy. The larger the seller and the more value the home has, the more monthly amount can be received.
Mixed: Initial payment plus an income:
Payment of an initial amount, for example €15,000, plus a monthly life or temporary income.
Temporary Income:
That in which the elderly person sells the bare property and maintains the usufruct for life, in exchange for receiving an income for a certain period. This modality allows you to receive more money than the previous one, but for less time.