Reverse Mortgage

Compare Reverse Mortgage Offers.

Tell us about yourself and we'll find the best personal loan offers

Where do you live currently?
Your Name
Mobile No
Required Loan Amount

Stape 1 of 3

Brief :

A type of loan in which the owner of a home can borrow money against the value of his home without repayment of the mortgage (principal or interest) until the borrower dies or the home is sold. , The lender of such a loan will require that there are no liens against the home and existing liens if any must be paid off with the proceeds of the reverse mortgage. A reverse mortgage loans provides income that people can tap into for their retirement. The advantage of a reverse mortgage is that the borrower's credit is not relevant, and is often unchecked, because the borrower does not need to make any payments.

The home serves as collateral, and can be sold in order to repay the mortgage when the borrower dies (in some cases, the heirs have the option of repaying the mortgage Loans without selling the home).

These types of mortgages have large origination costs relative to other types of mortgages and hence one will have to carefully consider the proposal’s from different institutions.

Income Supplement: Enables house-owning Senior Citizens having inadequate income to meet their financial needs for renovation/repairs to house, medical & other personal purposes.

Retaining Ownership: The borrower continues to retain ownership of the house.

Social Security: In the absence of social security for Senior Citizens, RML serves as a partial substitute.

No Repayments: A borrower does not have to repay a RML during his or her lifetime or till such time he or she continues to stay in the house.

Freedom and Flexibility: Amount availed under a RML may be utilized for any purpose other than investing in shares, real estate, trading etc.

*Terms and Condition Apply.

User Ratings

Our Listing

Secure and Safe

uparrow uparrow

Share and likes