Friends With Money #232: What is a reverse mortgage?
Hosted By
Guests
Published
Share
Rising property values have left many retirees rich on paper but short on cash, so are there options for those looking to utilise their home equity?
This week on the Friends With Money podcast, Money's Tom Watson is joined by Chris Grice, chief executive of National Seniors Australia, to discuss reverse mortgages, equity release schemes and the government-run Home Equity Access Scheme.
00:00 Introduction
00:28 The 'asset-rich, cash-poor' dilemma
01:24 Exploring reverse mortgages
07:03 Addressing concerns about reverse mortgages
9:24 Equity release schemes
10:11 Introduction to the Home Equity Access Scheme
13:54 Comparing equity release options
16:02 Conclusion
Subscribe on YouTube for closed captions
Listen to this episode of Friends With Money
Watch on YouTube for closed captions
Subscribe to Friends With Money
Subscribe wherever you get your podcasts
Friends With Money podcast FAQ
What is the Friends With Money podcast?
Friends With Money is a weekly personal finance podcast by Money magazine, offering expert insights on investing, budgeting, superannuation, property, and other money strategies for everyday Australians.
Where can I listen to the podcast?
You can listen on Apple Podcasts, Spotify, or YouTube (with closed captions available).
Who hosts Friends With Money?
Episodes are hosted by Vanessa Walker and Tom Watson from Money magazine, featuring expert guests and real conversations about money.
Is the podcast suitable for beginners?
Yes! It's designed to be accessible for beginners while still offering valuable insights for seasoned investors.
What topics does the podcast cover?
The Friends With Money podcast covers topics including banking, property, budgeting, superannuation, investing, saving, insurance, employment, travel and more.
How often are new episodes released?
New episodes are released weekly, so you can stay up to date with the latest financial tips and trends.
Can I watch episodes with captions?
Yes, full episodes with closed captions are available on YouTube.
Why subscribe to the Friends With Money podcast?
Boost your financial literacy anytime, anywhere with the Friends With Money podcast from Money magazine. Whether you're commuting, working out, or relaxing at home, this weekly podcast makes it easy to grow your money knowledge on the go.
Each episode dives into real conversations about money - how it's earned, shared, saved, and grown - with tips and insights that make finance simple and relatable. Perfect for beginners and seasoned investors alike, it's your go-to guide for building better financial habits.
Subscribe to the Friends With Money podcast today and start learning when it suits you.
Get stories like this in our newsletters.
