A house can't buy your groceries or mend its own roof. But reverse mortgages can turn some older homeowners’ bricks and mortar into dollars. Here’s what you need to know about reverse mortgages - including the fish hooks.
When people hit 65 they can still have 25 or 30 years of living to fund, thanks to increased life expectancies. A high proportion (60 percent) of those aged 65 and over depend entirely or largely on NZ Superannuation for their income. As a result, money can be tight – especially when unexpected expenses come up.
Enter reverse mortgages
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