Your home equity is the market value of your home minus any outstanding debt on your property — including primary mortgages ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Reverse mortgages are generally easier for older homeowners to qualify ...

Financial literacy website MoneySmart has launched a new reverse mortgage calculator to help consumers better understand the financial implications before they decide to release equity from their ...

Both products are worth exploring for seniors this year. Here's how to determine which could be best for you now.

Reverse mortgages are often marketed as a lifeline for retirees who need cash flow while staying in their homes. At first glance, the concept may sound like an ideal solution. But beneath the promises ...

The Australian Securities and Investments Commission (ASIC) has released information on how credit licensees should be using its MoneySmart calculator to provide reverse mortgage equity projections to ...

What can you tell me about reverse mortgages? When my husband passed away last year my income dropped almost in half, and I’ve been struggling to keep up with my monthly living expenses. — Senior ...