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If you are an Australian senior or nearing retirement, chances are most of your wealth is ‘locked up' in the family home.
A Reverse Mortgage loan allows you to release some of this home equity – without the need to sell the property – so you can access cash.
If you are considering a Reverse Mortgage to fund retirement living, you should first do your own research. It's important you are well-informed before you apply.
This eBook will help you understand “how a Reverse Mortgage works” and is offered without any obligation or cost.
The 'Reverse Mortgage Secrets" eBook has been downloaded by 20,000+ Australians since 2008.
Across thirty pages, this FREE guide reveals ten important 'secrets', including:
A Reverse Mortgage loan, also known as a home equity release loan, has pros and cons. You need to consider your needs, retirement goals, and other circumstances that are unique to you.
Different Reverse Mortgage lenders offer a variety of loan options. Learn how you can save money by getting the most suitable loan structure in place.
Learn how interest is calculated, and triggers for repayment. Understand the difference between ‘capitalised' & 'compounding' interest. Find out when & how to repay a Reverse Mortgage.
Getting a Reverse Mortgage loan can significantly improve your quality of life. However, you must plan and consider other factors such as long-term costs, Centrelink treatment, future aged care needs, and more.
Deborah Collett