Reverse mortgages on the increase
More seniors are choosing to top up retirement income through a reverse mortgage, according to a new study.
According to Deloitte Actuaries the number of reverse mortgages taken out increased by 27% in the past year.
In the Herald Sun, National Seniors chief executive, Michael O’Neill, said with home ownership linked to wellbeing in old age, people must consider the implications of this product carefully and seek independent advice.
