Now a good time to reverse mortgage?

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With the recent publication of comments by the governor of the RBA, Glenn Stevens, it now seems highly likely that interest rates will be cut in September by at least 0.25%. Some have speculated that it could be as high as 0.50%, and that we may see rates fall by 2% over the next 12 months or so as the economy slows.

If this is the case, then reverse mortgages are suddenly looking a lot more attractive for many people. Now may be a good time to get an expert assessment on your borrowing capacity, and the total costs involved, in preparation for releasing equity from your home.