Reverse Mortgages

This week, Justin Bott, Media Information Office from Services Australia (also known as Centrelink) comes on to discuss the pros and cons of reverse mortgages. For many that have all their assets tied up in the family home, this could be a valuable way to unlock much needed cash flow. But buyer beware, there are many traps as well as benefits. We also discuss for those of pension age, the government offering in reverse mortgages could be just what is required. As always, contact a professional adviser if you're not sure, and just in case.