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237 what are reverse mortgages? episode artwork

Aug 23, 2022 34 min

237 what are reverse mortgages?

from Dev Raga Personal Finance

What's the difference between a normal mortgage and a reverse mortgage? Dev explains and touches on: 👉🏾 how they work 👉🏿 how much equity is required 👉🏻 the 2018 ASIC review of reverse mortgages 👉 no negative equity guarantee - what is it? 👉🏼 the costs 👉🏽 pros and cons 👉🏿 other alternatives 👉 and his personal verdict Learn more about Altus Financial here: https://bit.ly/altusm3m 🛑 Please read our disclaimer + warnings before listening to this episode 📝 Episode transcript: https://bit.ly/m3meptranscripts 🏡 Join our facebook group for healthcare professionals 💸 Quick links to our resources and $20 off The Glen James Spending Plan my millennial money medical is produced by SYMO interactive, home of my millennial money. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. The host of this podcast is an authorised representative of Money Sherpa PTY LTD, which holds financial services license 451289. To download the financial services guide, please visit: https://moneymoneymoney.squarespace.com/s/FSG-Dev-Raga-Personal-Finance-August-2025.pdf

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This episode is 34 minutes long.

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This episode was published on August 23, 2022.

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