July 14, 2014
A reverse mortgage is generally used by older clients in order to maintain their lifestyle by using the equity they have built up in their home.
A reverse mortgage is a loan that you normally do not need to make regular repayments on, although you can if you choose to.
The most common usage we see for taking out a reverse mortgage is for lifestyle, to purchase a car, renovate the home and also to supplement the aged pension.
Give us a call on 9585 7779 if you'd like to discuss your options in regards to a reverse mortgage.