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Reverse Mortgage in India: Your property pays you a regular income
loan required for daughter\'s marriage.
T Satyanarayana (Posted: Nov 10, 2014)
loan required for daughter's marriage.
T Satyanarayana (Posted: Nov 10, 2014)
Sir,

I am 65 years old. My husband is not alive now. I inherited a plot from my husband. I am a retired govt. servant. During my service I built a house in the above said plot, availing a housing loan from the State Govt.(Tamil Nadu). I just want to know whether I can avail the reverse mortgage loan. Since the plot is an inherited one, can I get no objection certificate from my daughters and son. The plot only is an inherited one. I built the house from my income. I just want to know whether I am eligible to apply for the reverse mortgage loan.
Yours faithfully
Shanthi.T
T. Shanthi (Posted: Sep 18, 2014)
HI - I AM 56YRS AND MY HUSBAND IS 52YRS... WE LIVE IN ANDHRA PRADESH AND WOULD LIKE TO KNOW IF WE ARE ELIGIBLE FOR"REVERSE MORTGAGE".

THANK YOU..
teresa fernandez (Posted: Nov 8, 2013)
I like your article. It is very informative. Thank you so much for sharing such priceless information. Hats-off to the writer. Keep on posting such nice articles. Thank you so much.
http://www.financetics.com/2013/05/reverse-mortgage-income-for-senior.html
Indransh Gupta (Posted: May 12, 2013)
reverse mortgage is very unattractive and a bad scheme.Better to sell the property and put the money in the bank and take a smaller accommodation for rent. At 12%
discounted if your horse is worth 60 lakhs today, and if the time horizon is 15 years the discounted vbalue is only 15 lakhs. So you get 15 lakhs one time payment for 60 lakh house and at the end of 15 years houre is gone if the property does not appreciate substantially.
bala (Posted: Jul 13, 2012)
Banks in India announce with great pride they offer an extra 0.25 or 0.5 per cent extra interest to senior citizens. When it comes to reverse mortgage, they make the elders pay as much as 12.50 or 12.75 per cent interest for loans against their valuable property! Do we care for our senior citizens, Mr. Prime -cum- Finance Minister?
Ravi (Posted: Jul 8, 2012)
I am looking for reverse mortgage loan against my property valued to-day @ rs 30 lacks. I am 62 years old and am i eligible for this and how will i get this.

Hyderabad,
Mohammed Ikramulla 9494145355
Mohammed Ikramulla (Posted: Jul 4, 2012)
Sir,

I am looking for reverse mortgage loan and my property is in hart of the Chennai city. Its value to-day @ rs 25 lacks. I am 56 years old and AM i eligible for this and how will i get this.

Raghunathan
9444356750
Raghunathan (Posted: Jun 29, 2012)
i am 64 , ex air man . need reverse mortgage loan . i own a house in 10 cents of land with 2000 sq feet , rc building . who can give me a loan. my property!s cost is more than one crore as per the market value .
c i cherian (Posted: Jun 20, 2012)
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