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Why are circuit breakers not used in Australian exchanges such as ASX?
In Australia, a reverse mortgage is a type of loan that enables homeowners 60 years of age and older to keep living in their home while converting a portion of their home equity into cash or as security. Until the borrower moves out or passes away, the loan is not due. Happy Wheels As time goes on, the loan balance and interest are paid back when the borrower vacates the home. Before choosing to apply for a reverse mortgage, borrowers should carefully weigh the costs and potential effects of the loan against their long-term financial objectives.