Winning questions. The best 5 listeners’ questions are answered on air, and the questioners receive a copy of Mary’s new book. Their questions cover: Is house out of reach for couple in their 30s?; Ways to get value from your house in retirement; Which debt should you pay off first?; Couple worry about investing in Auckland apartment; How a beneficiary should handle an inheritance.
Reverse mortgages: A worry or a great idea? — What is a reverse mortgage?; The one big negative; What to ask about; Tell the family?; Conclusions.
Listeners’ questions about mortgages. Topics covered include: Fixed or floating, and how long a term?; Should you put extra money into mortgage or KiwiSaver?; Using KiwiSaver to buy a container house; Reverse mortgages vs ordinary mortgages for retirees.
Q&As: Woman starting again after separation could get KiwiSaver help; Reverse mortgage not a good idea for retiree with rental and cash; How to decide your KiwiSaver risk level.
Q&As: Paying down mortgage beats adding to KiwiSaver; Why it can be good to be in more than one KiwiSaver fund; Will this work instead of a reverse mortgage?, readers asks; Come on, KiwiSaver providers!
Q&As: Reverse mortgages not usually good in your 50s, but maybe for this couple; 89-year-old’s plan includes a reverse mortgage; ‘Victim’ reluctant to complain about payday lender; Sharped-eyed reader makes some points about last week’s column.
Q&As: Questions to ask before parents lend mortgage money to their children; Determined couple pay down big mortgage fast; Bank’s reluctance to extend credit card limit is surprising; Tax adviser thinks tax should have been mentioned last week.
Eating your house: Ways to make use of the value of your house in retirement — Comfort for struggling younger savers?; Sell and buy smaller, but…; Various ways to share your home with others; Getting a break on rates; Reverse mortgages a.k.a. home equity release — a good idea?; FOLLOW-UP from last week to listener’s question on how to buy shares.
Q&As: A company that promises way too much. Steer clear!; 2 Q&As about how reverse mortgages might affect government residential care subsidies.
Q&As: Ways to keep a daughter’s partner’s hands off an inheritance if he leaves the daughter; Another provider of reverse mortgages; 2 Q&As on the pluses and minuses of reverse mortgages.