HEAS vs Reverse Mortgage: Which one is right for me?
If you’re over 55 and wondering how you can beat the high cost of living, you might be thinking about using some of the equity in your home.
This article explores the two most popular options – a reverse mortgage vs the Home Equity Access Scheme.
Over 7,000 Australians currently receive payments under the Home Equity Access Scheme (HEAS), according to the Department of Social Services.
At the same time, reverse mortgages through private lenders are on the rise, with the market in Australia sitting at around $3.9 billion and growing steadily.