How do we solve the equity rich, cash poor dilemma? Option one involves selling the home and downgrading in price to release a pile of cash to live off of. Option two, which is the subject of today, involves taking out a reverse mortgage.
Today I’m talking with a Keira Billot, General manager of retail banking at Heartland Bank.
Keen to find out more about reverse mortgages for your situation? Book in a free 15-min phone call with Darcy Ungaro (financial adviser)- click on this link.
Check out the episode done with the other reverse mortgage provider in New Zealand here.
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Disclaimer: Please act independently from any content provided in these episodes; it’s not financial advice, because there’s no accounting for your individual circumstances. Do your own research, and take a broad range of opinions into account. Ideally, engage a financial adviser and pay for advice!
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