Older couple on their verandah.

A reverse mortgage could let you use some of your home equity to fund your retirement costs. Here’s what you need to know.

There are many ways older Australians can fund their retirement expenses, including accessing their savings, downsizing their homes and accessing their superannuation.

But would-be retirees who own their own homes have another option: reverse mortgages. Read on to find out how these unique products work and how they can help you.