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Home > Videos > Reverse Mortgage Loan in Telugu - How to Take Care of Parents Financially | Kowshik Maridi

Reverse Mortgage Loan in Telugu - How to Take Care of Parents Financially | Kowshik Maridi

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Reverse Mortgage is a kind of loan lent to senior citizens with a self-occupied home. This loan is offered with the intention of providing regular income to senior citizens who do not have any kind of income to lead their life. In order to avail this loan the borrower has to mortgage his residential house or property. After the loan is availed the borrower is not required to service it during his lifetime. In the case of the single borrower, the minimum age for availing this loan is 60 years and in the case of the joint borrower, the spouse should be more than 58 years old. Watch this video to get the complete information about the Reverse Mortgage loan. 

 

 
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