Reverse Mortgage Myths Busted

'Busting misperceptions on equity release'

EQUITY RELEASE MYTHS BUSTED

Smooth Retirement’s founder and CEO Scott Phillips tackles some of the most common misperceptions around equity release and reverse mortgages.

Top five reverse mortgage myths – busted!

You can end up owing more than your home is worth.
You risk losing your home.
You can be removed from your house by the lender.
Your home can be sold against your will.
Reverse mortgages are a bad idea.
Even ASIC don’t like reverse mortgages.
Reverse mortgages leave the kids nothing to inherit.
It’s better to sell up and downsize.
Reverse mortgages prey on vulnerable old people.

**Terms and conditions apply and you will have responsibilities that you are required to meet under the contract.

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