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The Reserve Bank of Australia has conceded record-low interest rates could stop young people from buying their first home. It.
Baby boomers own two out out every five homes in the U.S., with an estimated $13.5 trillion in value.The equity in these homes might be enough to bridge the savings gap and ease the debt burden by allowing seniors to access their home equity through a mortgage product called a reverse mortgage. Home price increases since 2012 are providing more.
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How long would you expect your mortgage to last? 25 years? Maybe 30? Well word on the street is that big bank, Westpac, is.
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