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237 what are reverse mortgages?

237 what are reverse mortgages?

Dev Raga Personal Finance ยท Dev Raga

August 23, 202234m 14s

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Show Notes

What's the difference between a normal mortgage and a reverse mortgage? Dev explains and touches on:



๐Ÿ‘‰๐Ÿพ how they work


๐Ÿ‘‰๐Ÿฟ how much equity is required


๐Ÿ‘‰๐Ÿป the 2018 ASIC review of reverse mortgages


๐Ÿ‘‰ no negative equity guarantee - what is it?


๐Ÿ‘‰๐Ÿผ the costs


๐Ÿ‘‰๐Ÿฝ pros and cons


๐Ÿ‘‰๐Ÿฟ other alternatives


๐Ÿ‘‰ and his personal verdict



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๐Ÿ“ Episode transcript: https://bit.ly/m3meptranscripts


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