1. EachPod

237 what are reverse mortgages?

Author
Dev Raga
Published
Tue 23 Aug 2022
Episode Link
https://shows.acast.com/my-millennial-money-medical/episodes/237-what-are-reverse-mortgages

What's the difference between a normal mortgage and a reverse mortgage? Dev explains and touches on:



πŸ‘‰πŸΎ how they work


πŸ‘‰πŸΏ how much equity is required


πŸ‘‰πŸ» the 2018 ASIC review of reverse mortgages


πŸ‘‰ no negative equity guarantee - what is it?


πŸ‘‰πŸΌ the costs


πŸ‘‰πŸ½ pros and cons


πŸ‘‰πŸΏ other alternatives


πŸ‘‰ and his personal verdict



Learn more about Altus Financial here: https://bit.ly/altusm3m


πŸ›‘ Please read our disclaimer + warnings before listening to this episode


πŸ“ Episode transcript: https://bit.ly/m3meptranscripts


🏑 Join our facebook group for healthcare professionals


πŸ’Έ Quick links to our resources and $20 off The Glen James Spending Plan


my millennial money medical is produced by SYMO interactive, home of my millennial money.

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. The host of this podcast is an authorised representative of Money Sherpa PTY LTD, which holds financial services license 451289. To download the financial services guide, please visit: https://moneymoneymoney.squarespace.com/s/FSG-Dev-Raga-Personal-Finance-August-2025.pdf


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