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What is a Reverse Mortgage?

We read the following article online and thought it might be of interest to our readers. The Australian Securities and Investment Commission (ASIC) are reviewing reverse mortgages:  What is a Reverse Mortgage? Essentially, it is a loan that allows you to borrow money against your home by using the equity built up in your home as the security. This type of loan can be taken as a lump sum, a regular income stream, a line of credit, or a combi…

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