Are you drawing on your home capital too early? Reverse mortgages may seem like a useful way to access your capital but taking out too much too soon can have a dramatic effect on compound interest
Financial services gurus, Cannex, have released their second Reverse mortgage star ratings report, based on analyses of 55 products from 14 institutions. The report highlights that drawing down smaller, regular installments rather that a lump sum can dramatically reduce the impact of compound interest on homeowner’s equity.
Visit Cannex.com.au to download your copy of the report.