Independent Australian reverse mortgage blog discussing Pros and Cons.
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 […]
A reverse mortgage is the diametric opposite to the mortgage used to purchase a home. With a “forward” mortgage, the home buyer makes payments to the lender, reducing the debt and increasing the equity; with a reverse mortgage, however, the lender makes payments to the borrower, reducing the equity and increasing the debt.
Like any mortgage, […]
