A reverse mortgage allows you to access the equity of your home loan to help ease financial stress. This type of loan is typically used by retirees to help with the cost of retiring, providing them with tax-free income to supplement their pension. There are downsides to reverse morgages, so make sure you research these drawbacks before you make any choices.

Use Harken Finance’s Reverse Mortgage Calculator to see how much equity you can access in your home and calculate the costs of the loan.

Looking to buy a property or refinance your existing loan? Call your local Mandurah Finance Broker, John Sharman from Harken Finance today for your FREE no-obligation 15-minute Discovery Call on 0419 640 885.