Rawz..the reverse mortgage product how is it wonderful ?
% rates at 10 average.
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Rawz..the reverse mortgage product how is it wonderful ?
% rates at 10 average.
https://retirement.govt.nz/policy-and-research/retirement-income-policy-review/2019-review-of-retirement-income-policies/home-ownership
Today (2019), about 12% of people aged 65+ are still paying a mortgage, and the same number are renting.
They’re eligible for Superannuation, but Super wasn’t designed to cover rent – it currently pays $411 for a single person; $632 for a couple. At that rate, it assumes you have housing sorted. Should Super be changed to allow for more people in retirement still paying for housing, or is covering our housing cost up to us? Māori and Pasifika have fared the worst – today only 35% of Māori and 20% of Pasifika own their own homes.