How do we solve the equity rich, cash poor dilemma? Option one involves selling the home and downgrading in price to release a pile of cash to live off of. Option two, which is the subject of today, involves taking out a reverse mortgage.

Today I’m talking with a Keira Billot, General manager of retail banking at Heartland Bank.

Keen to find out more about reverse mortgages for your situation? Book in a free 15-min phone call with Darcy Ungaro (financial adviser)- click on this link.

Check out the episode done with the other reverse mortgage provider in New Zealand here.

______________________

Take The Home Buyers Blueprint: Get a better home; Get a better mortgage.

Sign up to the KiwiSaver Millionaire Roadmap: From 6 figures to 7; Get a Rockstar Retirement!

Sign up to New Wealth Foundations here: Personal finance from a wealth-builder's perspective.

Thanks to Easy Crypto, New Zealand's most trusted crypto brand and what Darcy Ungaro uses.

Get Social

Sign up to the newsletter!

YouTube

Instagram

TikTok: @theeverydayinvestor

www.nzeverydayinvestor.com

Instagram

YouTube

Darcy Ungaro

LinkedIn

Twitter: @UngaroDarcy

www.ungaro.co.nz

________________________

Affiliate Links!

I may receive a financial benefit if you click on these links.

Hatch

Sharesies

Easy Crypto

Sharesight: (Get 5 months free)

CMC Markets

Revolut: Sign up, and get a $15 credit.

Disclaimer: Please act independently from any content provided in these episodes; it's not financial advice, because there's no accounting for your individual circumstances. Do your own research, and take a broad range of opinions into account. Ideally, engage a financial adviser and pay for advice!

Les Brown: Your Future is Unlimited