DW Simpson
06-01-2006, 05:02 PM
http://www.smh.com.au/news/money/turn-bricks-into-cash/2006/05/29/1148754935039.html
The strategy : To get some equity out of my home without taking out a reverse mortgage.
Can I do that? : We're starting to see the development of products that offer the same thing as a reverse mortgage - that is, a way for older people to cash in on the equity in their homes - without the need to borrow. One such option has been developed by Homesafe Solutions - a joint venture between Bendigo Bank and actuary Peter Szabo.
How does it work? Homesafe effectively buys a share in your home on a deferred basis.
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life expectancy ...
More...
The strategy : To get some equity out of my home without taking out a reverse mortgage.
Can I do that? : We're starting to see the development of products that offer the same thing as a reverse mortgage - that is, a way for older people to cash in on the equity in their homes - without the need to borrow. One such option has been developed by Homesafe Solutions - a joint venture between Bendigo Bank and actuary Peter Szabo.
How does it work? Homesafe effectively buys a share in your home on a deferred basis.
...
life expectancy ...
More...