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Reverse Mortgages: Stay Home, Fund Your Future | Australia News
Description
Australians are rewriting retirement rules — instead of downsizing, many mid-to-late 50s homeowners are tapping reverse mortgages to unlock home equity for renovations, travel, or peace of mind. Surprisingly, younger borrowers are also jumping on board, seeking financial flexibility without leaving their homes. While misconceptions abound — like banks seizing your property — you stay put and never owe more than your home’s value. Just be aware: rates can hit 8%. And there’s a government-backed alternative for lower costs. For many, it’s about securing their golden years — right where they live.
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