There are two main options available if you’re in the market for a reverse mortgage to access some of the equity in your home – a commercial loan or the government’s home equity access scheme.
Learn more about reverse mortgages and the home equity access scheme.
Before committing to anything, running your numbers is critical to ensuring you make an informed decision. The calculators we demonstrate below can estimate the future loan amount that will need to be repaid as well as the likely future value of your home.
You might be surprised by how much you can borrow while preserving a significant proportion of your equity to use when your home is eventually sold.
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