Find out how reverse mortgages work
When considering a reverse mortgage, it’s important to understand the effects of compounding interest and what this will mean to your home equity over time.
Reverse mortgage calculators are extremely useful tools and while there are many versions out there, we believe that the government’s Moneysmart calculator is the best and most informative.
As part of our consultation with you, our advisers will talk you through each step of the Moneysmart reverse mortgage calculator and explain the results to you.
You can also try it for yourself!