Soaring number of older home owners take out government-backed reverse mortgages - Sydney Morning Herald

The number of older Australians who have signed up to Centrelink’s Home Equity Access Scheme has increased eightfold since the program was expanded three years ago.

These changes provide more options and greater flexibility for users of the scheme and are expected to increase the number of older Australians choosing to participate. Reverse mortgages let older h… [+3229 chars]

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