There are many costs associated with property investment, including upfront loan costs, upfront buying costs and the ongoing costs of owning the property.
A fully-repaid mortgage is seen as crucial to living a comfortable retirement. But what if you still owe money on your home as your retirement date draws closer?
If you’re worried you won’t have enough superannuation to fund your retirement and own your own property, you could tap into the equity in your home through a reverse mortgage.