I have no wish to have a mortgage on a secure home
I could still be able to enter into financial agreements and plans..
it is hard with the rising costs of rates, insurance and other living expenses plus the extra expense of a mortgage on limited income
i would need to research the possibility to give a firm opinion
I do not want or need to in the conceivable future
I would not access my home equity under any conditions
because I would never take out a mortgage on my home to keep up a life style
continually paying interest when it is unnecessary is absurd. operating on Clauswicz's first principle
I have no mortgage, I rent the house I am living in. Not enough money to own my own home
Would not be happy with a mortgage as we have never had one and it's a bit late in life to start now.
I am comfortable that we would be able to service a small mortgage in retirement. It would be used to top up the cost of a weekend/second property which would become its own security and possible source of income.
I am a social gerontologist and was researching home care options
would prefer not to have a mortgage at all
The question appears inappropriate as I do not have a mortgage during retirement.   I advised this in a previous question
NOT SURE AT THIS TIME AND NEED TO DISCUSS THIS POSSIBILITY AND ITS EFFECTS
My home is a precious asset and I would like to keep the value in tact for my children.
I would not get a ortgage under any circumstances
If the interest rate goes up it would be hard to avoid debt increase. Which means I would have to consider downsizing.
Wouldn't like too much much debt as a housing loan in retirement.
I dont really trust them. You hear such bad things .
I would not use it as equity. I would sell first.
if its necessary it will be repayed when i am gone . besides my wife is still working full time
Using home equity means less total security
bank could force sale, as not sure how to fund repayments
I don't need to at this stage - My military pension plus top up and other sources of income are sufficient ta present - I am 75, not in the best of health and have no prospect of eternal life
would need to be a small amount with small repayments.
I don't wish to go down that particular road.
I do not want to increase my debt level any further than is absolutely required and even then I would need to consider things very closely.
Dont want a debt if and when I sell to move into smaller retirement property.
I paid out my mortgage before retirement
I do not like debt and that is what a mortgage is.
I do not ant to use nor should I have to fund my retirement
Only because see my home as the biggest way to help my children after I'm gone so would prefer not to have to dip into it.
planning for the future even though fit & healthy
Funding my future since am only working casually
In the unavoidable consequence of serious sickness in the family
the only way to fund upgrade/renovations of house
Happy to cash in equity on house but not have a mortgage
On a full pension it would be hard to pay off a mortgage that is why I live in a retirement village now
Because it would only occur if needed to meet other housing commitments
I am not comfortable using my home to raise money for living.
We cannot have a mortgage in a retirement village.
have not counted on having a mortgage at my age
If I need the money and have no other options I would have a reverse mortgage
A mortgage based around draw down of home equity means you eventually run out of equity!
Should only retire when mortgage finished - too much of a financial impost
I've been unable to work since the year 2000 due to injury.
The repayments are cheaper than rent would be elsewhere and being on a pension only the banks wont even consider any loans for people in my position.
I'm comfortable, happy and enjoying my life where I live.
It is a subject that I try to avoid thinking of for as long as possible. I know that some time it may have to be considered but not yet.
capital for repayment can be always found.
In exceptional circumstance where money was urgently needed (e.g. for my children).
because I wouldn't borrow more than I can afford
You should never have a debt during retirement as you haven't got the means to repay that debt
Already have a reverse mortgage to fund a better life style which has already been disposed of. So no more mortgage can be obtained.
Just the way I feel as I doubt if I will have this situation
I would not be able to repay it on a pension income
The area was being overrun by office commuters
this would be the only source of money available to me, and my partner is not able to work as he is disabled.
I've worked for 45 years of my life, I'm loathe to now have another mortgage.
would not like to leave  debt to my children
It would still leave some inheritance to go to family
don't want to rely on using my home as equity
would rather own my own home, at this stage of my life, so I can down-size, and have some savings left over for extras
I dont believe a mortgage  during retirement should beentered into
I'M NOT WORRIED ONE WAY OR THE OTHER AS I DON'T THINK THT I WILL HAVE A NEED TO ACCESS THE EQUIDY
i am not entirely comfortable as we worked so hard to get rid of it and hopefully we should not need this
If there was no other way of finding funds, then that is what I would do.
I do not like being in debt or leaving debt to my children
Had worked long enough and could afford to live on.
I don't have a mortgage, I own everything I have and if I can't afford something, I don't have it.
I wuld like to know all the details before i gave a higher score
I want to leave our home unencumbered for our children.
I don't have a mortgage. So how should I have answered this question?.
dont have a mortgage as i said o n the  question ealir
I don't have a mortgage, I rent as previously stated
I would have to be in dire straights to use equity in the house
I have sufficient income for my retirement and I have been retired for 17 years. I don't need to access my equity in my home and your question did not allow for my circumstances. My home does not come into the equation regarding my retirement.
prefer not to go into debt but it beats starving
If I was desperate I would sell investments
My daughter wanted to buy a property for investment and for us to iive in it.
how would i repay a mortgage when i live comfortably on my present income
Having my home fully paid for gives me a huge sense of security, I worked many years to achieve this and I would see it as a big disappointment if I lost it.
I think I would manage somehow without needing to do this. eg, by using my savings.
I am retired. Obtaining money for a mortgage would be very difficult.
I have looked into it out of curiosity & it's just not something I am comfortable with.
I had sufficient income without having to work.
With assets in excess of $5m in addition to my home, I have never given a mortgage during retirement any thought.
I have made other arrangements with my offspring.
don't know enough about it to rate a higher score
I live in a retirement village, so there are special factors eg. paying the village monthly management fee of $335. Also, I do nor like the thought of debt at an advanced age.
Happy where I am with facilities, community spirit, etc
If there was a considerable dip in the share market and our super income was cut back
There were unexpected adverse 'happenings' in my life.
Doing market surveys and entering competitions fulltime adds a few pennies!
I could not answer this Q as I have no home and the Q does not pertain to me.  I normally click on midline in cases such as this.
I am in this situation and have to pay the amount out of my pension!
my home equity is in a license to occupy not to own
have already  done this by selling home to purchase into a retirement village
I do not wish to have any debts to clear in my retirement.
Not too sure I could handle debts at this stage
Quit work to look after grandson 6 years ago
I don't have a mortgage and I live in a rented property
I would like to think that I would have paid off my mortgage before I retire
Becouse I don't own a house to have a mortgage
don't have a mortgage sold my share of the house
I don't have a mortgage nor do I need one
A mortgage is manageable but would put other expenses or arrangements under pressure - going on a holiday would be out of the question
Debts rapidly build up and before long you have nothing
I have lived my life so far without a mortgage and I have no intention to get one now!
I live in a retirement village where my villa is leased.
The villa is a leased retirement villa.  I have a 99 year lease.  There is a hefty exit fee if I choose to leave.
I would use what is left of the money I have already paid the village minus the exit fee.
My husband had to go into a nursing home.
Offered Workers Comp Payout - had to live on that for ten months
I would feel uncomfortable taking out a mortgage which would impinge on my current income
I would withdraw funds from my allocated pension
I disagree with the level of interest accumulating on funds that are drawn down.
I would feel unable to repay a mortgage on my retirement income.
obviously my home is paid off infact I never had a debt on this house.I have to live somewhere and I do not wish to go into any form of retirement village-for many reasons,so my home is my home
As a retiree I could not currently service a mortgage. If I had enough funds available to do so I would have no issue with it - especially if it meant not paying off my landlord's mortgage as I am currently doing.
The pension does not really support having a mortgage to pay off
It would be just one more financial difficulty to juggle
IF YOU HAVE A MORTGAGE YOU CAN ALWAYS REDRAW ON YOUR EQUITY
Current home is mortgage free but could become a problem if unforseen cicumstances arise
I thought I could get abetter return from my funds
I wouldn't get a mortgage after retirement
don't have a mortgage and haven't had one for over 20 years
I believe strongly in paying my way and avoiding any debt.
Have not considered this or looked into it.
It's not something I've thought of before, but would be comfortable if I needed funds.
I don't intend to be stressed with debt and want to be able to budget on what I have without using equity
Working with others who did not pull their weight at work
I do not have a mortgage but if I had to I would be comfortable doing so. I have worked hard all my life and do not feel my family should expect me to go without now just so they can have extra money when I die
I won't let anyone get their hands on my title deeds
Received a redundancy with 92 weeks pay which took me through to pension age.
I do not have an end date so it is difficult to know how much money I need
I am unable to mortgage my current home as I only own the building not the land so I cannot use it as security for any loan
Due to the nature of my living arrangements I am unable to mortgage my current home as I only own the building not the land.  I live in a Manufactured Home park and pay site fees for use of the land.
It can help when needed & comes out of the equity when we sell
My daughter lives in a granny flat & cannot be moved
I have nothing to mortgage another stupid question
I do not wish to have a mortgage to pay off, as i do not want to have debts hanging over my head
Afraid that the equity will run out before I die. Don't trust banks on this one.
Always a worry with cost of living, but I have accountant within the family to assist
That`s something i would never do, i paid cash for my house and i will not get into debt over it.
They were just sent to me for my information
payments to cover utilities & food from students, daughter & mother
none of the above,  I am retired and earning the extra I am allowed on Government Pension
dont undertand the question,  and I would not mortgage my house,  it is my daughter and grandchildrens home when I am gone
my dauther & grandchildren are equally beneficiaries
I dont need too, I always lived within my means
I AM NOT MOVING INTO RESIDENTIAL CARE,   AT LEAST HAVE THE HONESTY TO GIVE US THE OPTION OF NOT APPLICABLE
I DIDNT GO,  THE HOSPITAL ORGANISED THE APPOINTMENTS AFTER MY ILLNESS
Worried that significant rate increases could place undue pressure on my cashflow
I have friends who have done this and lost their home
just don't like getting into that sort of trouble
I want my home to be secure for usfor life.
I am managing now and would not be able to manage mortgage payments
wanted a property I could buy without a mortgage
have no means to pay back apart from gov pension which isn't much
As long as I can afford to pay off the mortgage it allows me some extra cash to do things I could not otherwise afford
It would come from veterans (DVA) pension
Because I'd have to pay the mortgage back with interest and, since I have very little money as it is, I can't see that as a sensible move.  It's a bit like borrowing from Peter to pay Paul.
My wife and I separated and we needed to split the value
Have enough bills without a mortgage.  Have had to access equity to replace my old car and am trying to pay it down because it is a very expensive way to get money - couldn't do that with a mortgage as well
Because as long as there is something left for my children it would be ok
It's just another way of looking at ways to fund my retirememt
paying a mortgage defeats the purpose of getting an equity
I am comfortable with my current living conditions
small buisness operator wich was completly worn outafter 22 years
Haven't had the house long enough for it to be of value
I have no plans or see no need to mortgage my home during my retirement, I should have enough from my other sources of income, and if not, the age pension will cut in.
Buy small farm in partnership with family
I am in favour of utilising equity for an emergency, however i would be frightened of deferred interest costs rising above the value of the house when i am deceased
do not want any debt in my retirement years
As long as the mortgage was small enough not to upset my life style it would be ok.
Don't understand enough about it to feel comfortable with it
My work involves assessing elderly ones for services
we live in our very suitable retirement home and have no plans to sell.
i would pay with the pension, it just covers costs
I indicated I was neither comfortable nor uncomfortable having a mortgage during my retirement as I don't have a mortgage to contend with
My GP instigated introduction to services
5 is neutral and it is not applicable to me
I don't like the idea of having a mortgage
it is a very small mortgage but it is a debt none the less
It's an easy way of augmenting other income.
I would not want anyone else to have control over my house
I'm on a pension, I don't have any money
My ex put the rest through the poker machenes
I don't have enough funds to have a mortgage
Did not need the stresses of the job I was doing at the time.
I am neither comforatble or Uncomfortable, as long as the World's economy doesn't collaps because some *****%$$@**** got greedy
can't think of any reason at this point./
I have no mortgage and no debt, and it will stay that way
clearing debt before retirement is essencial to me
at my stage of life I have no debts and being on a pension would not have the extra to pay a mortgage, my home is in good condition and will see us both out.
Why risk losing my home when I can live comfortably on the pension with my additional savings.
You do not know what is going to happen with interest rates.
because i want to keep my house as my principle residense
I DO NOT WANT TO LEAVE OUR KIDS WITH DEBTS
I DON'T NEAD TO SELL OUR HOME TO LIVE ON.
would need more information as to the pros and cons
DONT OWN MY HOME AND DONT EXPECT TO EVER OWN ANYTHING
useful for debt consolidation, providing we can afford the payments
difficult question to answer considering my circumstance. I will have no need to sell my home so felt that a 5 was a way to say  I have no opinion
I would prefer to not have to take out a mortgage, but more so being able to economise on my day to day expenses.
Because I don't have a mortgage, I rent.
I do not wish to have a mortgage under any circumstances.
I wanted to move to a particular location
I rent now and do not intend to buy a house may be a mobile home
im ok but spose in paid high care nursing home
the family home will be the last bastion
Do not want a mortgage under any circumstances.
planning to downsize and use difference in money to fund retirement
I cannot access equity as repayments would be higher than I could afford
If I need the money for living I have no other options. I would prefer it not to be so.
If issues arose that I could not otherwise pay for
We had enogh Sper to Rollover then before GFC
It is just something that has never been thought about. We thought we would stay here with some outside help
My children but they are not concerned if there is nothing left they have enough
It will be used in purchase of bigger home for the 2 families
Live in my own house nr my children but not with them
makes not a jot of difference to me one way or the other
only if self and spouse needed full time care
I would not be comfortable with a mortgage on my primary residence but am ok with investment properties.
AT THAT STAGE I COULD AFFORD TO KEEP THE PAYMENTS UP
Don't have any home equity, don't even own a home and because I have no debts and never have, don't have a credit rating so never been able to access a mortgage even though I had time to pay one off. Banks only trust debtors and consider the re
renting privately and never used public housing
I do not have a mortgage as I do not have my own home
At this stage of life, one needs to have few if any financial commitments
A small mortgage would be easily manageable.
This would be a back up situation only.    I have no family other than my spouse so using home equity IF necessary has no implications to others.
I am fit and healthy and don't anticipate health isssues for at least 20 years
My home is an investment & I will put it to work as I would any investment I have.
if i needed to have a mortgage i would probably consider it but i won't need one
I don'y have to sell yet, if I did, I would
tHE DIFFICULTY OF SERVICING THE MORTGAGE ON ONLY A PENSION
I would explore other ways first -my home would be the last asset I would borrow on
I 've already paid a mortgage, and I don't want to pay another
Been there don e that not going to do it all again
Don't like the thought of accessing equity in my home.Have a son who has the means and is always ready to provide financial help
As an occupant of a retirement village, my home could not be mortgaged. AND I have no need to do so.
where i live you could not use your house as equity
It is absolutely all we have with nothig else to fall back on
Women were not allowed superannuation when I worked.
Because the mortgage on the home is owned by my family when they added to the house to accomodate their family.
The home is joint owned so my family would have to agree
My mortgage is over an investment property which is negatively geared. The mortgage can be used to access equity in my investments until such time as it is paid off. Then I will be financially independent.
I do not need to sell my home. I have other properties to sell first
I would access my super or sell an investment property
I would not be doing it, not enough funds from anywhere
I hope I never need to access home equity but it is there if really needed
Because I do not really know.The possibility is currently not available
My home is very important to me and I have worked hard to have it. A mortgage is something that increases and eventually you have nothing
It is okay to access money in this way if it is to repair or help with bills and it is unavoidable.
It was an inheritance fro mmy parents so we sodl it to divide the fudns up betiween us.
Would not be real comfortable in borrowing in later years however would if no other option
I believe that one should not have a mortgage after retirement
i would be worried about how to make mortgage payments
Previous Planner responsible for loss of most of our investments 2007/8 - resigned and skipped to Singapore
Mortgage not possible under our housing arrangement.   Also exit fees apply.
Present Retirement living Complex financial agreement precludes any individual financial arrangements.
Do not like debt; want to leave my children something.
allows me to invest for future financial growth
Hopefully it should be paid off before I retirement at the age of 70
I do not have a mortgage as I do not own my home
I expect to have no mortgage at 70 and wll down size and use the money available to pay for a  nursing home if required
home equity available from my existing mortgage
do not need to take on that kind of debt in retirement
I DO NOT HAVE A MORTGAGE I AM IN A RETIREMENT VILLAGE AND IF THE WORST COMES TO THE WORST I WILL HAVE TO SELL THE UNIT TO GO INTO AGED CARE.
I don't have nor will need to have a mortage
I don't have a need to sell my home or anything else for that matter
I don't trust the providers of these products
because it maybe a way of achieving a satisfactory outcome..
I really don't like debt unless I really have to have it.
I don't want a mortgage but have already had a reverse mortgage and it helped well
DEBT IS NOT MY IDEA OF A HEALTHY LIFESTYLE
not comfortable with any debt.  Does not apply to me as I have never had a mortgage and have always rented
i just dont like the idea of extra debt as we get older
The very small mortgage is no problem  for home equity
If I needed the money after downsizing I would take the mortgage rather than borrow from other sources.
I want the security of owning the roof over my head, and that it is unemcumbered if possible. Repaying a mortgage would be difficult, and if it was a reverse mortgage it would eat away the equity, leaving nothing for my children
only considerd it as a future option if it became necessary
Living on the age pension would be impossible if paying a morgage at the same time.
because i would find it hard to be able to make repayments on the income i receive
I may need the money and have no desire to pass on my home or any funds accruing from it to my children
I intend to pay out the mortgage from non-superannuation funds in the next 12 months.  I am comfortable with the debt but do not see it as linked to releasing equity on the property.
I believe that idealy you would not have a mortgage in retirement.
I donot wish to have a mortgage.  You can get home equity without having a mortgage.
I have never had a mortgage, and I am pretty sure, that I have sufficient resources to cover my Retirement.
Our home should and will remain debt free .
living in retirement village have no access to funds
Have already sold our home and living in retirement village. Children will receive equity when the unit is sold
I hope I can make my savings last without having to do this
I do not want any debt once I retire.  I want to know exactly what my finances are so I can live within my means.
I wanted to move to where I wanted to retire
I would sell the home to fund my retirement
I like to know that my home is owned debt free without a mortgage
don't need to access the equity in my home
I do not like having a debt e.g. with need to pay interest and to project for the future because of need for payments back
I believe the costs are too great to borrow after retirement. There are better options which go hand in hand with ageing - downsize to suit lifestyle and health.
Life can challenge us and we may have to make decisions that are not what we would normally choose
My partner pays the mortgage as it is for her half o fthe house.
I can afford the repayments and equity is going up most of the time.
I don't have any savings just live on the pension
I don't have a mortgage and don't intend to get one
I own my home don t want to take a mortgage out in the future
A mortgage is an ongoing debt (and expense) which I would avoid
one of my sons is financially well of he would get me out of difficulty if needed
wait until the need arises and then  decide
it is pointless not being able to sustain a reasonable life if necessary
It will help fund our property portfolio if and when necessary
I don't understand why I would need a mortgage, and I don't ferl that I would need that.
I have only just thought about, and don't really know much about it, but I thought it may be an option is I was struggling in my retirement.
I don't want back what it took us years to get rid of.  We don't owe anything to anyone and don't want to.
FUTURE PLANNING INDICATES THAT IT SHOULD NOT BE NECESSARY TO TAKE OUT A MORTGAGE ON MY HOME.
if you have the means to manage it why not  The spare money can go to pleasure and enjoyment
I want to stay mortgage free in retirement
the pension is not enough to pay a mortgage
I prefer not to pay interest when I can't repay it.
to fund in part buying a home after paying off debt
This is how I feel, not fully comfortable, but 70% comfortable
given the circumstances, it would be a sensible way to access home equity but I would regret the circumstances
I do not expect or believe I will NEED to access the equity of my home. Although I acknowledge in an unexpected emergency accessing the equity in my home may be an undesirable option.
Have acquired debt that I am having difficulty in servicing. Have spoken to financial planner - awaiting advice
Not entirely happy about it but it may be necessary
I plan to move to a regional Victorian city, next year, 2016, so don`t know what my financial situation will be, but I`m comfortable with the idea of using equity to live a better quality of life.
I did have a mortgage during the early years of my retirement.  Have only just paid it off.
had mortgage twice and don't wish to have another and hope it doesn't come to this
Because I don't really want to go down this path but if needs must then I would
i WILL NOT BE TAKING OUT ANY MORTGAGE DURING MY RETIREMENT
why did I need to work when there aren't enough jobs for those in need
don't know have never considered sell my home
I can cope with debt, but I don't like being in debt
Not required in my present circumstances
At my age nobody would give me a mortgage
I would hope the mortgage would be repaid when I die
I would not have enough funds to repay the mortgage
i prefer not to have a mortgage because of set-up and ongoing costs
It gives the advantage of being able to afford things otherwise unobtainable
would need to be paid back with maybe a higher interest and less money in my pocket for other things
I have not had a mortgage for 20 years and certainly will never have one again
Paying off a mortgage on a pension is really impossible. I inherited my home from my parents, and consider myself very lucky to have a home - free and clear. When I was divorced 30 years ago, my former husband went bankrupt and half of nothing
There is compounding interest on home equity.  If I had to have a mortgage I wouldn't retire
I feel as you go into retirement you should clear all mortgages, so you know how you can live out those years of retirement
Its not my preferred option but if dire circumstances dictated that it was necessary its an option I would entertain
We already own our home but if we didn't we might have to access our home equity to help pay bills.
I like my independence and keeping what I worked hard for
I don't own a home, I sold it to have enough investment funds, hence living in a retirement village
I am wary or reverse mortgages as they tend not to be cost effective
I do not own property. I am a Government     rental tenant. In retirement I will not have    enough income to service a mortgage.
Living in a rental property with subsidised rent.
have already investigated this option.  Have no children to leave money to, so it doesn't matter.  However, you have to live in a metropolitan area to access home equity
without a home you have less security and still need a place to live. Renting is now very expensive
The main asset is my home. If I was on the pension then to pay a mortgage would limit my spending considerably.
That Q is not relevant to me as I live in a retirement village and no longer own a home that I could mortgage. How can I answer your Q!
I have no choice so I might as well accept it and be comfortable with it.
equity and borrowing costs need to be factoed in
it would be comforting to know I could fall back on home equity if a financial crisis arose.
Seems like interest could get to us in the end and we would end up worse off.
I would not be able to afford a mortgage on a pension.
I like to be debt free when I retire. I do not use hoe equity
don't own my home if you read previous answers
I am a member of the P&N bank and can gain a mortgage on my home at a low interest which can be paid out when both my wife and I have passed on pass away
On retirement one should not have a mortgage
My health has interuted my plans for my retirement
I'm 61 years old and it is to late to be thinking about buying a house or flat.  Anyway I'm on a pension so I would not get a loan.
I worry the money just for living will not be enough.
Because a pension will not cover house repayments
because my mortgage is near to being paid off and the equity is high
my spouse retired early because of ill health
our retirement village has aged car facility,no need to move from the place we want to stay in
our retirement village home would be taken into account
I would cope and manage with a mortgage but would prefer not to have one
i feel the need to have a place that is my place of residence and not be made to move out of it by a landlord
Do not like the idea of risking my hard earned asset
I will have mortgage paid off before retirement
Partner had terminal illness. Now deceased.
I am a good manager and very resourceful so this would never be an option.
Have no family so heirs are a friend's children.
Home was built as low maintenance so it would be easy to manage when i aged.
Would rather seek euthanasia options than move into residential care.
Resent the  bank  making more profit out of me than they have already through my mortgage!
I would prefer not to have to access my home equity because it is a very expensive way to get extra money.
I do not like owing money! I'm not sure I understand the question -
I am against the proposal, poor economics
I have no need to access the equity in my home so I am not comfortable with the prospect
I do not want to reduce the value of my home for my children's inheritance.
it is something hopeful no one can take away
because it is impossible to pay mortage plus utilities, food, petrol and clothes
Can't afford to make repayments, but a reverse mortgage might work.
I don't expect to access my home equity, but having a home loan at 61 puts a dent in my travel plans.  I had to get a home loan at 60 because of divorce.
A mortgage is another bill to pay which affects your standard of living.
my home was paid off long before i retired & have no intention of using my home for equity
It would be preferable to not have any mortgage
Would sell my home and move to a smaller and cheaper place
I think it is really a bad thing to still have to pay for a mortgage once one has retired.  It is such a big amount each and every month.
MY ABILITIES TO SUPPORT AND HELP MYSELF TO ACHIEVE MY GOALS AND PLANS AT RETIREMENT AGE ...
I HAVE NO SOURCE OF INCOME THAT I CAN SAY WILL SERVE ME ON MY RETIREMENT ...
I WILL NOT NOT NEED EXTRA INCOMES IN RETIREMENT - I HAVE MANAGED MY FUNDS QUITE WISELY THAT PREVENT ME RUNNING INTO THE RED - FOR INSTANCE - I WILL NEVER EVER BORROW OR TAKE A LOAN - THIS HELPS ME SAVE MYSELF FROM FINANCIAL CRISES - THAT IS > N
THIS IS SIMPLY ... COMMON SENSE & BEING   *CASHREWD* & BEING ABLE TO AVOID/AVERT ANY/ALL *CASHOCKS* AT ... ALL COSTS !!!     WHY TEST FIRE , ACIDS OR POISON ???     IT IS BETTER TO LEAD & LIVE A CONTENTED LIFE RATHER THAN GETTING 'RESTIVE' ABOU
LIVING IN A RENTED VILLA THAT IS OWNED BY MY CLOSEST RELATIVE ...
I WILL PREFER TO GO WITHOUT MOVING INTO A AGED CARE FACILITY - THAT IS SIMPLY NOT MY CUPPA TEA !!!
didn't intend to retire, forced due ti injury
I would prefer not to but would do it if really necessary.
Considered it as possibility for the future, not now
I am not interested in having a mortgage for any reason
I see no need for a mortgage during retirement.    A mortgage would mean large interests that I see no need for in the future.payment
It will fund retirement it a retirement village
I own my home and have no wish to take out another mortgage at my time of life
I was forced to retire, considered too disabled to work
I would not want to get money by putting my house under control of a bank. I would not mind having a mortgage during retirement but not at the cost of my home.
I DON'T HAVE A MORTGAGE AND DON'T INTEND TO HAVE ONE AT MY AGE.
Sorry. I would not be comfortable with any debt, and the family home would only be at risk due to health considerations.
i would go on the government pension like most people
I have to live somewhere, what is the use of money then one has to be on the street. What   is the sense in that??
Cant see necessity for debt in current circumstances
you can't possibly exist in retirement paying off a house
I don't have a mortgage. I don't intend to access the equity.
I do not wish to have a mortgage this late in life, as I have other means of managing any debt I may get into.
Do not have, nor do I want any sort of mortgage
I own my home and want to be independent in that way.  I expect to have enough for my whole retirement without using my home as equity and would try to manage on the full age pension if money became short.
I have UK NHS Superannuation and UK State pension. We are here on a retirement visa so have to be self funded.
If we can't afford to live here we would have to return to our home country. As we have no mortgage and have full State pension and superannuation from UK.
Our mortgage is very low and we are keeping it because it has advantages by way of no accountant keeping fees on other accounts.
I will not need to have to access finance in this way.
i have a mortgage already and find repayments difficult
forced retirement due to collapse of HIH
It means having funds available for special circumstances if needed.
not very comfortable with idea of what is effectively a reverse mortgage - would rather downsize
dont want to have debt at this stage of our lives
prefer to use own funds and super rather than use mtge
I wanted a secure property that I could leave whilst travelling
have to downsize to more expensive area=not much cash over
would be a last resort for me. Already looked into this option for research, not available outside city areas
not a fan of reverse mortgages as if you capitalise interest on the loan debt quickly escalates and can quickly erode equity
I only owe a small amount and am able to redraw on my mortgage
I do not wish to have to mortgage  my home for access to have access to its' equity
I do not like or indeed have any debt hanging over me abd like to keep it that way
I would seriously assess any need that would require placing an incumbrance on my home.  It would a case of looking at the real need for the  item, and the alternatives if it is essential.  The only need to sell my home would be the need for a
I wanted to move out of the suburbs to a slower, more comfortable life style.
Just to keep up to date with available options
I would get advice from my Financial Advisor
How am I supposed to borrow money on a pension? DUH!!!!
If you need cash the house is the best way to get it
This is what we do.  We have paid off our mortgage completely but have kept the mortgage open.  This was we can draw down on the equity of our home at any time.  We have done this many times but the secret is to ensure that the draw down is onl
I am comfortable having a mortgage as my debt to asset ratio is very low.
would not want a mortgage at my stage of life.  would rather just live on what I have and if needed sell my home for something else I could afford
I do not have a requirement to have a mortgage and do not expect to ever have one.
I would not retire knowing I had a mortgage
we share income from my wifes accident compensation funds held by the Victoran Supreme Court
If my wife had passes away I would downsize house
I did not have any debt during my retirement
I just don't like the thought of a mortgage, at my age I could never pay it back
I have enough in superannuation not to have a mortgage in retirement.
Not an option I would consider so my answer is really neither agree or disagree
Owning our home is the one source of security that we have, and in the end we hope that proceeds from its sale after our debt will be used to support our disabled daughter
needed some money to go and visit my brother who was dying of Cancer in th U.K.
BECAUSE THIS HOME WAS PURCHASED IN 1968 PAID OUT RIGHT, NEVER HAD A MORGAGE.
CANNOT SELL FAMILY HOME CANNOT BORROW AGAINST FAMILY HOME
older brother, i was a legal guiardian and we had to find him a nursing home
I would not like to have to borrow but if I had to I would
As I am renting this question probably does not apply. I could possibly get a mortgage by exhausting my savings, but it would seem circular to do this and rely on using home equity for financial needs
Because I believe that people should have that solidity of owning their home in retirement. It promotes contentment and security.
I would prefer to keep my home completely unencumbered and only use it for this purpose as a last resort
I am hoping that this will not be necessary.
the information was presented to me unsolicited
no immediate reason, just a thought for the future
I want to fund our lives without needing govt or children's help
Don't fully understand the concept just yet.
I own my home and another investment property and am paying off a second investment property
When you are retired and income is limited you are best NOT threatened by any financial liabilities which could stress your means. Own all that you can when you retire so that you are secure. Debt is potentially dangerous even if it's part of l
We worked very hard to pay off our mortgage and under no circumstances would we put it in jeopardy and whatever way you look at it this would cost you money.
Something that I would not consider, dont need the stress
I thought I would be OK until I acquired a partner who has ripped me off.
I have no other resource I would have to find a job.
I have no other resources I would need to find a job
Because my ex partner has not paid the mortgage whilst he lived in the house & has now provided the bank with vacant possession.  He has also incurred other debts and does not want to pay these and my comfortable position is that I get the debt
1 adult son @ home/1 adult daughter away from home
I am able to pay my mortgage payments at this time
The GFC interfered with our financial setup.
I see no need to have a mortgage at my age and current circumstances.
The next step will be to move into a care facility.
Do not own a home, currently renting and will continue to do so
I am comfortably well off and will never require to use any sort of debt facility.
took so long to get rid of motguage, would be disappointing to have one in retirement
Cannot see that I will need to do this as my husband has a regular income from super which is indexed.
i would not like the mortgage to be too much
by the time u retire u should not have to worry about any debts
I will not need to access home equity and will not need a mortgage. The question is irrelevant to me
I would quickly pay the mortgage if any.
AS it would be paid off when the property was sold.
When you suddenly are placed in a position of having to care full time for someone, planning does not come into it
I own my home outright and have no intention of using equity in it to fund my retirement.
Finished my payments to such source a long time ago
To take out a mortgage would mean borrowing for another property. Having an additional property (investment) would create conflict with pension means test, (Asset test) and most likely render us ineligible
To add to my retirement savings, add to superannuation
My home is my safety net and don't want anyone else to have any control over it.
I would worry about having a debt like that over my head especially if it was an  interest only  arrangement in case interest rates sky-rocketed
Because I would not like to have a mortgage since I am not able to fine a company that would hire me
I have sufficient funds to ensure all eventualities can be met
The key to a secure lifestyle in retirement is to be debt free.  I would not like my partner saddled with a debt should anything happen to me and when you reach retirement age anything can happen and very quickly.
Have very good defined benefit superannuation income and not interested in mortgages during retirement years.
I don't expect that I will need to do this however, if something unexpected happened that my children and husband needed expensive medical treatment.  I would consider a reverse mortgage.
being able to access funds in extreme cases such as illness would be important
illness forced relocating to partly renovated house
I do not have a mortgage nor do i desire one
it is the way I feel probably because of the way I have been brought up
I still own the home but would be using my equity in it to fund a better lifestyle, as long as the payments were affordable and it freed up some capital I'm very comfortable with the idea.
CSS Pension plus account based pension (ex super)
This is not ideal as far as my spose and I are concerned. This option we would see as being a down the list for the way we would consider.
I am already retired and have debt but have started working again
Low interest rates from bank- quick and easy borrowing
I have enough funds for the rest of my life
I feel comfortable with a small mortgage, which in turn will be paid out, and then I will own the home and the equity it offers
I do not need to sell my home or mortgage it.
I see no reason for me to have a mortgage at my age.
Depends on the value of the mortgage repayments
Having a mortgage during retirement is not a good plan for you retirement
do not have mortgage nor own any property
I do not have a mortgage. I do not own the house I am in.
I would borrow only as a last move  after all avenues have been exhausted
There is no way I would take out a mortgage at my time of life.  I would rather do without luxuries..
sold all property in NZ and moved to Australia on retirement
I'LL SHOOT MYSELF BEFORE I GO INTO A AGE CARE HOME
security of place to live .. no rent (but land rates etc )
did have sufficient funds but lost everything when son's business crashed in GFC. My previous hose was told to cover his loans
I have a full aged pension and that provides what I need. My home is not worth very much. around 300.000 and a mortgage would not give me a great lifestyle if I lived another 30 years
forced sale to cover mortgage that my son had taken out on the property and could not pay
I used all the money left over from paying out the mortgage to buy my current home
My home is a place to live not an investment
One cannot repay a mortgage out of disability pension income
At this stage of life repayment of a mortgage makes me feel insecure. I don't have any debts
I would prefer to sell one of my investment properties
It was a  good opportunity to improve my lifestyle in a more comfortable environment and do it at a profit,
Reverse mortgages reduce the equity in a home, the equity may be needed to buy into a retirement village with an attached nursing home.
I will sell to move to a retirement village
I would only use this option if absolutely necessary.
i would only use my home as equity to go into a nursing home
I have never had a mortgage and would not want to be burdened by one at this stage of my life
due to bad health for many years, did not plan retirement
I don't have a home equity or a home to sell.
if i do there won't be much left for my children
I don't have a mortgage now and could not afford one in retirement
owning my own home is something that I wont give up easily
I have always considered like my past family that a morgage free home is one of the most important things in life.
I don't want to, be in debt in retirement
Prefer to avoid paying interest whenever possible.
i haven't had a mortgage for 20 years so why would i start now!
I would not want to reduce my pension to pay a mortgage
NO SUCH THING AS SUPER ETC. WHEN i WAS WORKING
I DONT OWN A HOME SO NO NEED FOR A MORTGAGE
my mortgage is with two year of completion, I would be happier without a mprtgage
Do not wish burden of mortgage during retirement.
It is unlikely that I would have to do so but if I did I would not borrow more than I could manage in repayments
A mojor charity TEAR fund woould get a substantial gift
You must down size in retirement to be able to live debt free
It is something I hope will never happen but one never knows what is likely to take place.
I already live across the road from my daughter
Because I may use the mortgage to enter a nursing home
Well you always know you have money to fall back on if needed
I would like to not use my home to obtain money if necessary.
I can't have a mortgage. Don't own a home and would not ever have a mortgage.
I would like to live in my home as long as possible without further debt but will if necessary
I am and debt is something I am used to.
I look for other ways of making an income
Because I couldn't afford the repayments
I do not like the idea of borrowing money using my home as equity. It should be a place where I could stay without worrying about financial matters
I would not consider taking out a mortgage now that I am retired, therefore I would not be comfortable.
I'd rather not have a mortgage when income is limited
I have other assets to sell before i sell my home
I do not have mortgage and would consider a reverse mortgage if I became desperate for financial support
I have lived with mortgages all my life. Now it is paid off, I do not want to start again.
I would have to be really desperate to even consider a mortgage at my time of life
as long as it is a small percentage of its full value
I like to feel that we have complete control over our finances and would rather sell our home and downsize to release capital than release equity and be in debt in any way.
Mortgage will be paid off before husband retires
Hoping it would never be an option and that Life will be kind to me
Do not wish to mortgage house or use it's equity for retirement purposes
I don't own a home so I don't have that Luxury!
It may prove to be necessary and there will be equity
Because I would be selling a business to retire so would be unlikely to need a mortgage. Would hope my investments would fund my retirement.
Would first need to know the terms and details
do not want to go into a reverse mortgage once I retire
I would  not want to sell my home unless it was to pay for a retirement home
Because we have money coming in from shares to pay a mortgage
as before, there is enough funds elsewhere and the home is not part of the deal
don't have any resources for estra money
As an ex-senior public servant I have a defined benefit superannuation income guaranteed by the Victorian Government for life which gives me an income equal to the average wage. If I needed large amounts of money to move into a retirement home
Indepentent Living Unit classed as a Retirement Village
Because we have no means to pay off a mortgage.
We own our home and not yet retired, this gives me great comfort
husband was given a very poor health report and did not want me to end up alone and having to sell then
It would be a safety net, being able to access funds if there was no other option.
A neutral response as I would not, and cannot take out a mortgage as I live in a Retirement Village with lifetime equity.
always being frightened of debt but it is inevitable
What was the question (there was no heading)?
I do not like to owe money but realise that it is sometimes necessary to do so on a home loan.
I don't think we could afford a mortgage if we were both retired and no income coming in.
It was when my parents were elderly and needing constant care we looked into it
I cold not pay mortgage out of a pension
I don't have a mortgage, own my own home
prefer to use other options first and then if necessary sell the house
Firstly I don't know enough about this. I wouldn't expect to  be able to repay the debt
I really wouldn't want to do it but if it was the only way, then & only then would I access the equity in my home
I don't like having a mortgage but can live with one if I have to
I DON'T HAVE A MORTGAGE AS  I AM RENTING
I would like to leave my property to my offspring
Because I would only like to use my home as equity in an emergency
If I absolutely needed extra money this would be the best way to raise extra funds.
I don't have a mortgage and never will have.
I do not have the income to service a mortgage
I would prefer not to have to repay a mortgage on a reduced work income
defence service home loan paying only a small monthly payment
buy a fully equiped travel home and tour australia.
I did not work here in Australia till 2006, before I was raising my kids and was married, I am now divorced
on behalf of my husband who was a war veteran
If it is the last resort to fund myself.
I would not like a mortgage as I may have trouble paying it
Because I thought seven was too low and nine was too high
I rent the home I live in and at my age I will not get a mortgage as I have insufficient income to fund such a venture
this is so due to the fact that I've been a disability most of mty working life and as such not able to save/contribute to retirement...
I saved for retirement and shouldn't need to mortgage my home.
Not interested in this type of retirement
I would like to be mortgage free in Retirement and fund Retirement from joint savings and superannuation that my spouse and I have.
have always had a debt of some kind, and have been relatively comfortable with it
I don't feel comfortable enough to take out a mortgage as it would be hard to pay back.
I would only use equity if I was really desperate
having a mortgage is okay as long as I can make the payments.My mortgage is cheaper than renting so it is managable
would be difficult to pay especially if interest rates go up
it would impact what I leave my children and I think it would be expensive
I'm not uncomfortable with my reirement plans. I did the best I could with the amount of money I had.
Living on a single pension and very little supplementary income does not leave money for repaying a mortgage
If I live to an old age, and banks or bank policies or government rules or other such circumstances change, I risk becoming homeless
to live in a house instead of a flat and be FREE of body corporates
Why pay interest on borrowed money when I have enough anyway?
Funding a mortgage on limited income is challenging.
It would mean that I have used up other sources of income as I see this as a last resort
Because I don't like passing debt on to my children.
I look on this as being the most palatable option if it became necessary to raise money for retirement.
retirement should be  stress free  meaning that debts should all have been settled before retirement
I don't have a mortgage and do intend to take one out
I invest at a rate better than which I pay in interest
I can service the mortgage but if something were to happen to me or my partner then the house would have to be sold
having a mortgage does not bother me at all as long as I can pay it
my  home is not  worth a lot  and useless as an income under mortgage it is a caravan
I do not wish to have mortgage repayments
We do not currently have or need any mortgage. We live comfortably on the aged pension, We do not engage in frivolous spending!
was nor available outside of capital city
I AM PLEASED i DONT HAVE A MORTGAGE AND WOULD PREFER TO DO WITHOUT RATHER THAN OWE A LOT OF MONEY
iF THE BORROWED MONEY IS CHEAP i COULD PAY OFF THE MORTGAGE WITH INCOME FROM OTHER INVESTMENTS.
It is not an option I would normally consider, but should circumstances arrive I would consider it. It would depend on the amount and the rate. Currently, my house is very large and I could easier rent a separate part to provide some income.
my mortgage was to buy a new car 10 yrs. ago and I find that my pensions and savings cover any repayments
As I would not like too start with an outstanding debt as to-day, the cost of living is raising higher and higher.
Paying a mortgage when retired would be as bad as paying rent.  Personally, my modest super and aged pension would not leave me much of a lifestyle if I had to pay a mortgage.
don't like having my home in dept, if something unforeseen happened where the bank could sell my home and kick me out, homeless.
Would not want a mortgage at this time of my live.  Besides who would give me one?
I have mortgage exchange and deeply regret it.
I was divorced and she had most of my money
If there was a dire need for emergency funds I could use the equity
Heart problems cut short my ability to generate income
downsize/move to cheaper area and living
I didn't like having a mortgage and am glad to see the back of it! Being on a pension with little savings their is no way a bank will give me a mortgage or even lend me money!
if you can afford a mortgage when retired it is OK
I intend to move into a mobile home park and have money left over
i don't own a home so this question doesn't apply to me
I would not have a mortgage under any circumstances
just out of money cost of livimg has gone up
I am not at all comfortable having a mortgage at my time of life as I have no idea how I would pay it off
I want my home to be completely free when I pass it on to my daughter
Would prefer never to mortgage in retirement because too hard to pay back but prepared to accept there may be some unusual circumstance where I need to do so.
with no mortgage for 19 years now, do not wish to ever have another one!
Home is fully owned and would only be used as a reverse mortgage if reqd.
pushed the wrong button, do not have a mortgage for the last 30 years
Have not the funds to repay a mortgage and live comfortable
I do not like owing money and will avoid it at any cost.Since we have paid off our mortgage and own our house I have never felt so secure.
do not currently have a home so can't say
I have never had a mortgage and would not like to have this hanging round my neck for interest re-payments
If I needed to take a mortgage out at this stage of my life it would mean I was in deep guano. I would not be happy!
would prefer not to do it but would depend on circumstances at the time which may necessitate it
Access to home equity is a dangerous and inevitable way to lose that asset with the passage of time. A very bad financing idea.
It is easier to gain the assistance of the mortgage provider than to begin a new mortgage
Don't need a mortgage - haven't needed one for many years.
I just don't like having debt and can probably avoid it
I am a pensioner living in a govenment house and live on a full pension with no other income and I hope to stay here till I die
do not own a home to sell and do not have any investments just a full pension with no savings in the bank
Because I want my house paid off before I retire
sell when unable to live there - go to nursing home
I use the property to fund line of credit and to invest in shares.
I have lived in the house for nearly all my life .I have no children to leave it to
It would be A last resort OPTION. As I get older I do not want any form of financial STRESS, I have planned my retirement  based on a good superannuation  based ABP  plus investment income.
I don't need a mortgage at my age and being on a pension to fund it
I don't like having debts especially when funds are very restrictive
Why run up more debt when it is unnecessary I do not like taking a chance of not being able to make repayments and then leaving a massive bill for someone else to try and clean up
I don't need a mortgage as my DFRDB pension and investments will last.  Do not like mortgages!
Hopefully with the savings I have I would avoid having to mortgage this dwelling
I do not believe in reverse mortgages they are the most dishonest way of taking money from the elderly
They are an attempt to milk the pensioners
Because I have already had to take a very small mortgage to buy the place I live in.
I will not have a mortgage during my retirement.
I see a mortgage as an undesireable situation to be in.  I received a one fifth share in the sale of my parents estate and I have a strong desire to pass on a share of our estate to give a little boost to the finances of my three children
intend to purchase house when I retire and have no intention to mortgage
It's probably not necessary and it's high cost in my view
I think owning my own home means control. It's easier to deal with day to day debts if one owns ones own home (not worrying about a mortgage.)
I already use some of these services and will require more in the future.
I thought about it briefly to give me extra money to enjoy, but quickly decided against it.
I believe that interest can build up and the children will get very little for the home once I have passed
Because I wouldn't have the funds to pay it
In my financial situation no one would grant me a mortgage or loan of any kind
I was forced by the bank to sell because my husband died and could not manage on one income
I don't want my children to lose their inheritance
mortgage is hard to get when I'm old plus I don't want debt when I am retired
I do not have a home a this time but my buy one for cash later
because it is true.  I would not like to have one.
Had a mortgage most of my working life. Do not want to have a mortgage in retirement
no super and savings invested will now come to less than the pension which i will not be entitled to.  the new poor and is appalling
do not want a mortgage at this stage of life.  Been there, done that. No super.  Simply because Govt is going to take me off pens. list (part only) as I have saved funds to invest to cover most of retirement (never thinking I would need part pe
Not enough money in retirement to pay a mortgage
Don't want to be in debt when I'm retired.  Its going to be hard enough paying bills, putting food on the table without worrying about mortgages.  Been doing this all my life.  I want to be debt free in this regard when I retire
I own my home and wouldn't feel right if I no longer owned it outright.
I do not need to take out a mortgage, and would not.
my home is not something I want to give up. It would have to be a very grave problem for me to think of mortgaging my home
I only had one mortgage in my life (paid off before retiring from work).  I paid for my current dwelling from the sale of my previous house, without needing to take out a mortgage. Apart from my one and only mortgage, I have never borrowed eith
I'd have to examine and understand the terms under which I'd be able to access equity in the home and what the financial implications were.
I bought my home cash and do not like debt
I will sell my current home to realise the equity and buy a smaller one without a mortgage.
I am hopeful that I will not have to access my home equity, because my pension incomes and DVA Gold card should cover me.
does not sit comfortably as we haven't had to worry about mortgage for years
Meet living expenses, home maintenance, etc
I would feel unsafe and do not trust any financial institution
I wont need to access my home equity because my total investments, savings and super far exceed the value of the house and even if I should lose all of those due to a complete implosion of the financial system or something like that, I would be
Most likely the grandnephews unless things change dramatically.
I am very unlikely indeed to need to sell my house because I dont plan to move into a retirement village and would not consider a nursing home, I would pull the plug instead of going into a nursing home and even in the very unlikely event of a
I keep up with anything likely or possibly relevant to my future.
I believe I have sufficient funds so as not to undertake a mortgage.
As I am 74 now I can't see myself taking out a mortgage
I was alrready in receipt of Aged Care Services
I don't like he idea of owing large amounts of money and be worried about owing large amounts of money
on a pension you would,nt have money to live very well
If it became too much for me to look after.
I don't want to leave my children with debt
It would depend on the terms of the mortgage as to whether I would do this.
The company I made the enquiry to was not considering my area at the time.
Do not wish to incur a mortgage liability in retirement & burden my deceased estate.
Rather pay off the mortgage to save on interest payments
I would like to give my home to my children
I just do not want to have a mortgage left when my husband retires.
wanted to study full-time and age pension was available for support
do not have a mortgage and do not want one
having got debt free, don't want to go back to it
I have to wait 15 months before I can do some of the things I want
I really don't plane to retire. i have businesses that need little ongoing management to earn income, So it wouldn't bother me
Had no choice. Major fight with NAB - even though they admitted to owing ME money becasue of acepting forged cheques
Just giving it away where I felt like it
I was looking for my 95 year old mother who is still living independently
I do not own a home so have no home equity. There is no provision on your survey for not having any home equity.
Question is not applicable as I don't own a home
do not want the responsilbity of owing money when I retire
these questions don't apply as I live in a manufactured home park/lifestyle village & you are unable to get a mortgage on the house as you dont own the land
already living in my retirement home in lifestyle village
Having a mortgage and having no available income to pay for the mortgage is an additional burden on the family
I don't want to have a mortgage. I aim on downsizing into a smaller property so I won't have to pay for it/clean/heat/cool a big one
In case of emergency - a reverse mortgage
it is the last resort as my wife does not want to leave this house
Not sure I would want to go back to having a mortgage during retirement seems a backward step in some ways.
if it really came to the crunch borrow on my house
I have already taken out a small mortgage when I needed extra funds
have put extra money into super whilst I was working
I am retired. Did so at 63 years of age. Have owned my house outright since year 1990. I was 39 years of age.
I could not afford to have a mortgage in retirement as the pension would not be enough to pay it off
I own my home I dont intend to let the bank be part owner
We prefer to use superannuation for everything
I do not yet see it as necessary. rather I see it as something to be avoided at all costs but it may one day become necessary
I am long retired, Question is not applicable
NOT COMFORTABLE WITH THE PROCESS OF REVERSE MORTAGUE
I don't want to get iinto debt at this stage of my life
my home will be paid off before i retire leaving more money for living
It would reduce funds to call on later if needed.
its security, a roof over my head, cheaper than renting
I would not like a millstone around my neck.
Don't really wish to have a large debt in my retirement
I simply do not like debt. I own my house outright and have no intention of mortgaging it now or in the future
I'm never sure that the conditions of the mortgage might change....as it has done in the past. Banks seem to be able to alter a contract, but the customer cannot.
I*'ve never had a mortgage & hope to NEVER need it
orinally on a disability support pension
I may need the money for a care facility
I would only take on a mortgage if I could afford the weekly payments, and I would use as much collateral as possible to purchase the property so the mortgage remained small.
Because it is going into debt and that i don't want to do. it has to be paid back and at what rate of interest.
I have a reverse mortgage so my hands are tied
I don't have any home mortgaged , I'm renting from homeswest
I own my house no mortgage, but if I had one I could have paid it off with my super
I got ill when I was 40 so wasnt able to plan for my retirement.
Because as I have already stated I do not own my own home but you ignored that fact in an earlier question and then went onto ask me questions about home owning and have now asked me if I would feel happy having a mortgage in my retirement IF I
the one I have, in a home I rent that is NOT sub standard housing (that you seem to think people live in when not owning a home of their own)
the only reason I retired was my late husband was in and out of hospital and we were having major problems with the site supervisor who was in charge of our home being built and even though it was some years then before my husband died I did no
I am not actually sure if I could access any equity in my home as the mortgage is with Keystart and the dept of housing and works has a thiry percent interest in the property due to the mortgage being a shared equity access loan and I have to p
Don't need to borrow - would prefer to downsize
I would prefer my retirement to be debt free
I have no mortgage and don'r intend to have one
do not believe in home equity, and not applicable to me
I don't need it now, but I don't know what is going to happen in the future
I just don't like the idea of a mortgage at all.
I don't have a home or mortge and there is no chance that I would ever
have no other assets or abilty  to gain enough $$$$$$$$$
to pay relocation and legal costs for me and children
would have to find a home that accepted pension only
having no one else to turn to, I chose to find out from independent services
I DO NOT EVER WANT TO HAVE A MORTGAGE AS I WOULD HAVE TO PAY IT BACK AND I DO NOT LIKE DEBTS
I have never had a mortgage and I would not mortgage my home  to pay some account.
not being able to pay it back before I die
I have paid of our house and can't see us buying another house in the future
My employer appeared to want some of the longer term staff to leave
Would do it if necessary but would explore all other avenues first
Because I would have enough money to live on
Home equity is a sound way to finance later retirement
My time for having a mortgage is well and truly past.
I dont want to use my home equity and I would hate to try to pay mortgage with pension
I have avoided going into debt so far and would prefer to keep it that way
l would not want  a mortgage in my retirement
My health is failing me so I may have to leave paid work earlier than I wanted, as I still have dependents and a mortgage.
My home is already mortgaged to the point that it is hard to meet the repayments.
I do not wish to pass on any debts to my children
If this had to be done I know it would be for the best ...I would not be happy about it..Thinking on how long and hard one had to work to havean indepedant home thatone owned
It gives access to cash without taking out new loans and the interest is lower
We wanted a place grandchildren could come for holidays
It would mean the start of a downward slide.
If it means I can build a better business with ongoing returns then there lies an ANSWER
Matter of choice to be secure. Abe to access equity for children
I really do not know the future at this stage
Will make it harder to live with any comfort
not comfortable if I had a mortgage during retirement
We can draw down, to help fund living expenses. When I die home can be sold.
I would hate to have a mortgage in retirement despite accessing the equity
I would rather sell it than the status quo
i am cobcerned that someone other than myself or family would control the equity in my home . It is a matter of trust !
don't  want to risk my home .against repayment of loan/mortgage
having sufficient funds available to pay it off
I would not put myself in a position where i needed to mortgage my house
I just don't want to put my home at risk. I would not know if the financial organisation I had the mortgage with would not suddenly decide the wanted the loan repaid & sold the house from under me.
I have no one to pass my home on to and would rather have the use of some of the equity myself
I cannot use these with my village style of home
I would like to leave the house unencumbered
I will not be able to survive if my husband dies
I don't own a home anymore & it was lost from being mortgaged to finance a business which subsequently failed leaving my husband & me in debt. If I ever owned a house again I would not mortgage it for any reason.
Simply because you lose more money than simply paying out of savings.
I don't like having a mortgage at my age.
interest rates on reverse mortgages are quite high, would soon erode the equity
i do not own my home, i rent so have no equity
I do not have a mortgage and do not intend to have a mortgage
I do not wish to take on any form of mortgage
Because I keep telling you I rent I do NOT own a home
If there is no other way to finance my lifestyle it is acceptable.   It is not necessary to keep the equity for the children.
I don't intend to do that so I went neutral
I don't have a large pool of money to draw from
My mortgage is better than any rental property of similar standard.
Preparation for an interstate move which didn't happen.
This is a problem that it is not present at the moment, but if investments in my managed funds keep going the way they are it could be a problem down the track.
I have no interest leaving debt, however, growing older things change, health, government benefits if one's income go's below the threshold to be able to access a government pension
I don't like debt and financial institutions are crooks
would not like to sell home to pay mortgage  possibly not enough left to rehouse in suitable home
Needing to care for elderly parents, husband still working - retiring soon with good super.
Our mortgage will be paid out when my husband retires.
Your home gives you access to the community,friends and services and peace of mind....if you surrender any of your secure assets to a financial service[eg.bank]then the control that you once had is in the hands of someone else...they can't care
equity in home would be enough if an emergency come along
no reason barring i do not own any propetry
I wouldn't be able to pay back the debt.
would never take our a mortgage at this time in life
I own my home and would never borrow against it except as an absolute last resort
I do not really want to do it but would if I had to
I currently do not have a mortgage and do not own my home
had to leave work when I married in 1967
Believe in being in full control of financial affairs.  At this stage of life it does not mean a mortgage
I would rather not have a mortgage against my home
I don't  like the  idea of incurring any  sort of debt in retirement, especially as a mortgage over my house
I do not see need to use home in any way
My house is something that I have worked fpr for most of my life so i would be a little uncomfortable if I had to mortgage it.
There are pension unit's available in most!
Accessing home equity may help reduce debt. Mortgage is the lowest form of interest
It is a debt and i answered the question incorrectly I do not want to access home equity
I PAID OFF OUR MORTGAGE THROUGH MY OWN HARD WORK OVER 30 YEARS AGO, & DO NOT WANT TO GO THAT WAY AGAIN.
It is a debt that I do not want, this will enable my children to get the maximum benefit from my death.
I don't like this idea - I don't need to do it - I hope I never need to do it.
I'm going to be carried out of here in a box!
Worry about being able to meet repayments and having a forced sale that might not realise true value
I have a small mortgage because I can add to this mortgage if needed
I don't  believe I would fall into this catagory
If I needed to use this method in my retirement, so be it.  I do not want to use my home equity and this should not happen.
have not got a mortgage now and will not have one when I retire
NO LONGER ABLE TO AFFORD ITS UPKEEP/RATES.
I INTEND TO OWN IT AS LONG AS IS NECESSARY/POSSIBLE.
i do not have a mortgage, i have not money to buy any thing like a unit or house
It's a tricky one to answer clearly - having worked hard to clear the mortgage, we'd need to consider taking on another one very seriously.
Only having a mortgage on a investment property
Just generally considered - too soon yet
my husband retired and wanted to move to the coast
We recently bought this house to add to investment properties and I am confident that we can pay the mortgage out of the rentals
have not got a mortgage, but if i did i would sell the home to move into a retirement complex
I will not like mortgages as        I am retired.
I wouldn't be comfortable putting my home at risk !!!!
It would be too much of a debt on my limited income
Never had a mortgage and don't like to be in debt, but if in later years I need to, then I would.
It's not fair to leave a debt for family
I have enough money and very comfortable
I have no reason to leave my property until I have to move into a retirement home for medical care
i have no income to pay it back and i need my home to fund my nursing home when i become incapacitated or very old
I WOULD Not want to have a mortgage again
I hope I wont have a mortgage but I don't know how I could my equity.
we have worked very hard, gone without a lot of extras or holidays etc to own our home outright. It would be devastating to have to put a mortgage on it.
Don't want to have to much debt with not much income.
I will be better off when I get the pension when I turn 65 soon
I don't own a home so the question is entirely irrelevant.  With no home, no mortgage is possible.
have already sold home, though settlement not completed
we have just sold our home in melbourne and are moving to our country house. If it proved unviable to go on living there, we'd sell that house and buy a smaller property
I don't get enough work and my rent is too high
I don't own my own home, but I think that if I did, the sale of the home would cover the mortgage
It will fund our moving into a retirement village.
I can't see us needing to take out a mortgage.  It is an expensive way of getting funds, and as it would involve repayments, that would affect our standard of living.
Anything that is not spent on a replacement home will just go to further fund our retirement.
It would depend solely on the circumstances at the time.
I hope my careful superannuation investment will be sufficient - I made sacrifices while working so as to have a sufficient super fund.
Mortgage rates unreliabe;  reverse mortgages last resort option
I have never had a mortgage or any debts
I meant that I would not like to have a mortgage in retirement age
I am not sure how to answer that question, at my time of life~
I have enough to fund my retirement without using my home, which I would like to leave to my children
We don't have a mortgage, and I would loathe having to have a mortgage in retirement
self-funded allocated pension now Farming
I would need to be very aged so I most likely would sell and use to go into care facility.
It would mean I would have less disposable income
If I needed a large sum of money for any purpose
I do not think you can have a mortgage and live comfortable on the pension
always being able to use the home as a means to accessing extra
do not know enough about it would have to do some research on the benefits or negatives
I would never take any mortgage in old age
I don't feel I would need to do this. It always seems to work in favour of the lender.
Would not borrow against the security of fully owning my home...
my lifestyle and health would only deteriate if i moved from my present home
hope to clear my mortgage before I retire
supperanuation started late in my working life
I do not have a mortgage. I do not want to use my home to finance any debt. worked too hard to be where we are today, I am comfortable to live the way w e do now.
I do not have equity in my home and do not have a mortgage.
you could never afford a mortgage whilst on the pension
I wouldn't like to have to watch where my money was coming from to pay back a debt
you would still have money to spend and and the value of your home would increase ofver the years
living in my rented unit owned by my daughter
We used our superannuation to pay our mortgage so we would not have a mortgage when we retired otherwise I would have continued working
my financial advisor took all my super in fees for himself and now all i have is my govt pension.
i have a personal loan at %16, and a mortgage is %7, but retirement villages are not accepted and so I sold everything I have and taken out a personal loan. it is very difficult to keep up.
i have to give up %30 of the unit prce on leaving, back to the village owners and renovate it so that it is like new for the next owner.
not an option as one would live on the edge forever --not good for peace of mind
Not sure exactly.  It would depend on circumstances at the time such as health and whether I would move in with family or not
not worth the while I have nothing to plan for
We have no debt and need to stay this way to feel secure
I believe mortgages have to be repaid and not left for the kids to repay, and retirement does not give one much chance to earn extra money, so I am glad we do not have that necessity.
I will not need to take out a mortgage on my home to fund my retirement!
Having a Vietnam veteran partner who needed full time care
I have quite a small mortgage on a modest home; I can easily make the repayments; and I enjoy being able to potter around in my own place. I only envisage selling my home if my health deteriorates, meaning I will have to enter a nursing home.
I required some of the services due to ill health and am still receiving help
I obtained advice from my bank regarding reverse mortgages. They advised against them and nor do they offer them
worry about being able to maintain mortgage payments once retired
concerned if anything would be left to leave to my children
I'm hoping to be debt free when I retire
Not a good idea to have a mortgage when you are retired and don't have as big an income
I have just paid off my home equity loan a couple of years ago do not need another
Hopefully will have enough funds for my retirement - not keen on either a mortgage or reverse mortgage
don't want to have a mortgage at our age
I do not want any debt left in my estate.
I would rather not complicate things with this sort of funding I would look for other ways
would like to have home paid off as no income from work
yes I had a bad experience with one who misled me years ago about his independence - he wasnt at all - really he was the agent for one group... as soon as the 3 years commission he would earn was up (his wife was a friend) I took my money elsew
at teh moment I am planning to mvoe - so am going from a regionalo city to an interstate capital city - it will take most of what my house raises just to get a comfortable small home ... also as a nursing home, supported living might eventuate,
You never know when you need to draw on assistance of money
At a retirement village we do not have a mortgage only equity available when we leave.
I had to stop work very early due to osteo-arthritis and what super I had is gone
I don't know...it's the only security I have
I have never had a mortgage and thanks the gods for that!
I lost a lot in the gfc in my superannuation was given bad advice. I should have taken out the money and put into the banke
you need to have enough funds to service your mortgage and your retirement
need to something more sustantial than these choices
seems to be the most practical, way to go if you are able
to partner if living and then shared x 2 families
because for security reasons i would not like to do this
used reverse mortgage to pay out former wife
The home was paid for outright on retirement. equity of 25% was used to pay out former partner. I refused to become homeless. As time advances the children will loose more of their inheritance.
IT UNLOCKS MONEY ACCESSED OVER THE YEARS THROUGH MOVING HOUSES
WE ARE IN THE PROCESS OF DOWNSIZING AND WILL BE USING A RML AFTER THE PURCHASE
to fund the life style should I live longer than I anticipate
not going to happen for at least 20 years for me
I do not have a home so I have no mortgage I am renting
Would prefer not to take a mortgage to fune retirement
Mortgage is negligible compared to equity accrued over 35 years
having a debt is always hard to manage when on a pension
Interest can be expensive and waste my assets and future inheritance to my family.
Prefer to have home ownership, if i needed extra money would sell and buy a smaller home! Hope to leave the home to my children/grandchildren.
I would like to leave my home to my children unencumbered.
forced retirement due to medical problems
I have no mortgage at the present however I may consider a reverse mortgage later on
I don't want to be in debt at all for any reason during my retirement.
I do not anticipate ever having need to access my home equity. If I had a need for money and took out a mortgage I would never be able to pay it back. My worst-case scenario would be to live on the Age-pension and I could easily manage on this.
I don't want to have a mortgage when I retire at all
you cant take it with you so might as well spend it
its got to be paid back at a premium interest rate its just a rip off
The home is fully paid for.  There is no need for a mortgage.  I do not foresee a need to access equity in the home, except as in a previous question re aged care/nursing home etc, and accessing home equity would be a last resort.
Estate agents, Legal fraternity, Conveyancers etc all leaching of my hard earned.
Just more profit for the mortgage providers
unable to obtain suitable new employment
The bottom line is it is only a house, if !!!! I really needed to mortgage it to live I would be comfortable to do this, but it would be after pursuing other avenues first
I have other money, I did not need to spen it to meeet my living goals
I like where I live now & and have sufficient other property & investments to more than meet my living needs
I wont have a mortgage during retirement
I do not want to have any debts during retirement
When income stopped I became a carer and the stress of my husbands stroke, constant therapy and doctors visits meant many things which would not have been my sole responsibility became so and they went into the  too hard  box.
My home is mortgage free.   If I had a mortgage on it, it would already mean some form of monetary stress.
It would only be a small mortgage and would pay interest payments and the rest can be paid when I pass away
I don't think I quite understand what the question means but I'm not at all comfortable with the idea of a mortgage now that I'm retired.
I have a reasonably recent mortgage and find it no problem
super is for retirement house is for the kids when I die
i wouldnt like to use the equity in my home for living expenses at all
I live near my work so Im not moving at all untill I have to
I want to be able to afford to live if I have a mortgage over my head it will be impossible as we don't have a lot of savings behind us and no superannuation