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Finance

Articles covering Travel Insurance, Life Insurance, Funeral Insurance, Savings, Investment, Superannuation, Life after work. Wills, asset protection and Trusts.

What Happens to Home Equity with a Reverse Mortgage?

Being able to access cash without having to sell your home or make repayments can be life changing for many retirees. If you’re considering a reverse mortgage, though, it is important to understand how interest is charged on the loan and how it will impact your home equity over time.

Car Insurance Cover

When you drive, you’re constantly checking your surroundings. You’re keeping an eye on other motorists around you and making a mental note of who’s speeding up, slowing down or turning. You rely on other motorists to do the same thing – but accidents still happen.

The Pros and Cons of a Reverse Mortgage?

With inflation at its highest level in three decades and interest rates still relatively low by historic standards, more and more homeowners over 60 are weighing up whether a reverse mortgage could help them live a better retirement.