Understanding reverse mortgages

If you’re considering a reverse mortgage as a way to top up your retirement income, then forewarned is forearmed. These products are relatively new and some of the pitfalls have not yet been uncovered.

The National Information Centre on Retirement Investments Inc. (NICRI) has launched a free Equity Release/Reverse Mortgage Information Service to assist consumers understand these complex financial products.

You can contact information officers, toll free, on 1800 615 676 to discuss your individual needs or find out more information at NICRI.
Reverse Mortgage information for Australian Seniors

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