Reverse Mortgages

Using the equity in your home is an option if you are over 60, own your own home and are trying to raise some extra finance.

It is a really big decision as your home is likely to be your most valuable asset. You really need to consider whether the advantages of home equity outweigh the risks.

You should always seek professional financial advice before making the decision. You should also access the useful information on the Money Smart and NICRI websites.

Money Smart has useful information on Reverse Mortgages; you will find it in the Superannuation & Retirement section under income sources in retirement.

Click here for more information
For the MoneySmart Home Page click here

NICRI has information on Reverse Mortgages
For more information on NICRI click here

To talk to someone at NICRI call 1800 020 110.
open 9am-5pm Mon - Fri to discuss reverse mortgages.