UNSW Business School To Examine Reverse Mortgages

News article_UNSW Business School to examine reverse mortgages

UNSW Business School To Examine Reverse Mortgages

UNSW Business School is investigating how people decide whether a reverse mortgage is a good way to supplement their retirement income.

Researchers from UNSW Business School will investigate behavioural and other issues behind the low uptake of reverse mortgages in Australia.

A reverse mortgage is a loan that enables homeowners to access their home equity; the homeowner can borrow without having to make repayments while living in the home.

Home equity is typically the largest component of total household wealth, so a reverse mortgage can complement superannuation and the age pension as a financial resource in retirement.

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