The alternative of staying at home and drawing down on the equity in your home is evaporating for many, as the number of reverse mortgage funders declines in line with increasing uncertainty on home values. The 22 reverse mortgage suppliers is now reported to be down to less than ten. This has led to the rating firm Canstar Cannex that has specialized in grading reverse mortgages to abandon this service.
Community Living
SATURDAY exclusive: “I hate begging”: Life on the home care waitlist
Laurie Sucic is 91, a retirement village resident, and the full-time carer for her 92-year-old husband. Both have been assessed as needing high-level home care – but like tens of thousands of older Australians, they have been told they will have...