What is the difference between a Mortgage and a Reverse Mortgage? Mortgage loans can be availed by all types of borrowers. Reverse mortgages are only meant for senior citizens. Mortgage loans are repayable over a decided tenor. But under reverse mortgages, no repayment is required until the demise of the borrower or nominee. Repayment liability under mortgage loans includes the principal plus interest. Under reverse mortgages, repayment liabilities can never exceed the reverse mortgaged property’s value