‘Reverse mortgages – worth considering,very carefully’ by Paul Clitheroe

For many baby boomers, retirement will be a financial juggling act. Without the backing of compulsory superannuation contributions throughout their working life, many may consider a reverse mortgage as a source of additional retirement income. A reverse mortgage provides an opportunity to access home equity, with the loan secured by your home. There are no repayments necessary until you a) sell up, or b) die – in which case the loan is repaid out of your estate. 

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