What is a reverse mortgage?

03/12/2025 17 min Temporada 5 Episodio 232
What is a reverse mortgage?

Listen "What is a reverse mortgage?"

Episode Synopsis

Rising property values have left many retirees rich on paper but short on cash, so are there options for those looking to utilise their home equity?This week on the Friends With Money podcast, Money's Tom Watson is joined by Chris Grice, chief executive of National Seniors Australia, to discuss reverse mortgages, equity releases schemes and the government-run Home Equity Releases Scheme. 00:00 Introduction00:28 The 'asset rich, cash poor' dilemma01:24 Exploring reverse mortgages07:03 Addressing concerns about reverse mortgages9:24 Equity release schemes10:11 Introduction to the Home Equity Access Scheme13:54 Comparing equity release options16:02 Conclusion  #friendswithmoney #tomwatson #chrisgrice #reversemortgages #homeequityPodcast Links:Listen on Apple PodcastsListen on SpotifyMoney WebsiteYouTube Podcast PlaylistEmail Us: [email protected] stories like this in our newsletter: bit.ly/3GDirbRMentioned in this episode:Best of the Best 2026 on sale now!