Reverse mortgages are a new financial product in Australia. Although modeled on similar products sold for years in the U.S. and U.K., this is still new territory within the Australian mortgage market, and the developmental period is still in progress.
While “the kinks” are being worked out of any system, not only will problems arise, but […]

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With a reverse mortgage, the equity in one’s home can be considered a sort of retirement savings account or nest egg. It represents a significant amount of money that can be used to fund one’s retirement in comfort. However, that equity nest egg must be budgeted properly to provide for the long term requirements of […]

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