Reverse mortgages used to have a reputation problem. Vincent Turner sits down with veteran mortgage broker Tim, who's spent 38 years in the industry, to explain why that reputation no longer matches reality, and how the product actually works for Australians 55 and over today.

They break down how much you can actually borrow, why the loan doesn't require a single repayment, what happens to the balance over time, and the built in safeguards that mean you can never be evicted or end up owing more than your home is worth.

In this episode:

• What a reverse mortgage actually is, in plain English
• How lenders calculate your maximum borrowing limit based on age
• Why interest capitalizes instead of being repaid, and what that means long term
• What triggers repayment, whether that's selling, aged care, or passing away
• The most popular ways people use the funds, from renovations to a living inheritance
• The one mistake almost everyone needs to avoid

If you're 55 or over, helping a parent plan their retirement, or just curious how this product really works today, this episode gives you the full picture before you talk to anyone about a loan.

Book a call with a Reverse Mortgage Specialist UNO broker Tim Lesina → https://www.unohomeloans.com.au/tim-lesina---reverse-mortgages/reverse-mortgages