Who Should Take A Reverse Mortgage Loan (RML)?—All You Need To Know
Last Update Date: 06-10-2026
Published by Outlook Money
Abhishek Kumar's role: Quoted
Abhishek Kumar said a reverse mortgage can help when a family's wealth is mostly in property and it has little cash for retirement expenses. He added that heirs who repay the loan can keep the house.
More of Abhishek's views on debt and loans
The article explains how a reverse mortgage loan lets senior citizens aged 60 or above draw income against a self-owned house, and how heirs can later repay the loan or let the lender sell the property. It discusses when selling a second home may be preferable and treats the loan as a last resort.
Publisher source
Who Should Take A Reverse Mortgage Loan (RML)?—All You Need To Know