What Is A Reverse Mortgage? Friends With Money podcast

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What is a reverse mortgage?

Friends With Money

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Rising property values have left many retirees rich on paper but short on cash, so are there options for those looking to utilise their home equity?

This week on the Friends With Money podcast, Money's Tom Watson is joined by Chris Grice, chief executive of National Seniors Australia, to discuss reverse mortgages, equity releases schemes and the government-run Home Equity Releases Scheme.

00:00 Introduction

00:28 The 'asset rich, cash poor' dilemma

01:24 Exploring reverse mortgages

07:03 Addressing concerns about reverse mortgages

9:24 Equity release schemes

10:11 Introduction to the Home Equity Access Scheme

13:54 Comparing equity release options

16:02 Conclusion

#friendswithmoney #tomwatson #chrisgrice #reversemortgages #homeequity

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