Reverse mortgages have changed in the last decade, with consumer protection now at the forefront. There’s no risk of losing home ownership or going into negative equity, plus you’ll have equity remaining to fund the later stage of retirement or leave as a bequest.
Our independent finance experts Noel Whittaker, veteran finance guru and author of ‘Making Money Made Simple’, Dr Deborah Ralston, co-author of the 2020 Retirement Income Review, and retirement specialist Fiona Navarro answer the most important questions on this topic.
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Your home equity could be the key that unlocks a world of opportunity in retirement. Whether you want more income or a lump sum to renovate your home or replace the car, you can try our home equity calculator to see how much better off you could be in retirement. You can even prequalify for a Household Loan.