Mobile Mortgage News

Reverse mortgages on the rise [Australia]

posted 203 weeks ago on Reverse Mortgage Loan Blog

RETIRED workers are being forced to borrow against the value of their homes to cover the higher cost of living in Australia. A study by auditing firm Deloitte found that the value and number of reverse mortgages taken out in Australia had doubled over the past two years. There are now 33,700 reverse mortgages in Australia totalling [...]
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