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Is a Reverse Mortgage Right for You? Know the Risks and Benefits
Reverse mortgages enable you to withdraw equity from your home. With a reverse mortgage there is no obligation to make any repayments of principal or interest. Perhaps you have the problem of being asset/equity rich and cash poor and you need funds to assist with some home renovations for old age, to fund some lifestyle needs, or to assist you to fund an Accommodation Payment to access Aged Care. Some features of reverse mortgages are:- The amount you are able to borrow wil
Malcolm McColm
Oct 1, 20252 min read
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