Reverse mortgage enquiries in NZ are rising, because a generation of homeowners paid off their mortgage, arrived at retirement, and found almost nothing else waiting for them.

This episode explains what a reverse mortgage is, what it actually costs over time, and why the best plan is never needing one.

In this episode:

• What a reverse mortgage in NZ actually is: how to borrow against your home equity without making repayments — and what happens to the debt while you wait
• How much you can borrow by age: the limits from 60 to 90, and the minimum property values that apply
• What $100,000 borrowed at 8% compounding interest looks like after 15 years — and why the same force that builds wealth when you invest it destroys equity when you don't repay
• Barbara and Rod: a worked example showing what a reverse mortgage actually leaves behind after 15 years, a property sale, and a move to a retirement village
• The alternatives to consider before ever signing: renting a room, downsizing, family arrangements, and why independent legal advice is non-negotiable

The same compound interest that builds your wealth when you invest it depletes your equity when it's compounding on a loan you're not paying down. Here's what that looks like in real numbers.

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