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New lender bets on reverse mortgage revival

Comments (1)
  1. Peter Stewart says:

    The Household Capital reverse mortgage is a lump sum offering, therefore missing the other major features of a reverse mortgage – income streams and Line of Credit.

    From the financial planners perspectives, we cannot see any dealer group support for the concept of gearing for investment purposes using home equity.

    Additionally it is noted that ASIC Money Smart website says
    Home equity release is not suitable if
    • you are doing it to invest, because you would be risking your entire home – not just the portion you are investing.

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