Retirement planning

Include your family in retirement planning.

Discuss income, residence and redemption before making a decision.

Prepare these details

Reverse mortgages involve interest, mortgage insurance premiums, counselling and legal processes. Consider monthly payments, residence, redemption and family arrangements together. Refer to HKMC and participating lenders for details.

Clear numbers

Depending on the arrangement, consider interest, valuation, legal, early repayment and other costs. Reverse mortgages also involve insurance premiums and counselling costs. Obtain written fee information and ask about referral remuneration before proceeding.

Clear responsibilities

Outcomes depend on property, income, debts, rates, fees and approval conditions. Savings, returns and approval are not guaranteed. Any investment or insurance component requires its own assessment of risks and obligations.