Funding Retirement Lifestyle

There is no doubt that Australians are now living longer. As a result thousands of retirees are finding that their savings aren’t enough to fund their lifestyle in retirement. There is clearly a need to consider how we fund these extra years without diminishing our quality of life.

In Australia, property has traditionally been considered a primary source of wealth accumulation but, until recently, not necessarily as a financial asset that can be utilized to help fund retirement. Now, using a reverse mortgage loan you can free up the equity in your home and use it to fund and enjoy your retirement.

A reverse mortgage, sometimes referred to as an equity release loan, lets you borrow…