An interesting and informative article for people interested in reverse mortgages. I agree people need to be very careful and the providers should be responsible and explain thoroughly what people are doing.
But I also see this as good way for older people to enjoy the fruits of their life of hard work and savings.
I found this comment interesting :
"SBS Auckland area manager Matthew Isbister said one in 10 of his bank's customers were in the market for a reverse mortgage in Auckland.
"We're seeing a lot more interest in the product than three years ago."
http://www.nzherald.co.nz/business/n...ectid=11283811