What is a Reverse Mortgage?

Mar 20, 2019 12:22:34 PM

If you need to free up a little cash as you head into retirement, a reverse mortgage could be the solution. A reverse mortgage lets you mortgage your property so you can access your equity with no repayments required until you move out. For many retirees, a reverse mortgage offers financial security to cover those unexpected expenses – like home repairs or major surgery – without having to sell the family home. Read on to find out more about a reverse mortgage.

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Topics: Retirement, Home Equity Loans, reverse mortgage, NZ Mortgage Adviser, Home Loan Advice

Using the equity in your home

Nov 4, 2016 4:45:52 PM

Owning a home can leave you feeling “asset rich and cash poor”. Depending on your circumstances and provided you’ve paid enough of your mortgage, you may be able to access some of the equity in your home to do that home renovation you need to do, buy a new car, or even travel. Home equity release schemes let you turn your home’s value into dollars without having to sell-up and move. Read on to find out more.

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Topics: Mortgages, Home Equity Loans