Home Equity Access Scheme…

The Home Equity Access Scheme is often thought of as a ‘government reverse mortgage’

With the recent changes to the Federal Government’s Home Equity Access Scheme (previously known as the Pension Loans Scheme), and further changes set to come on 1 July 2022, it is important to understand what the scheme is and how it compares to a reverse mortgage, to make an informed decision about which equity release product could be right for you.

source: heartland finance.com.au