Ask Noel: Reverse mortgage or annuity?

Updated June 21 2018 - 2:52pm, first published 2:46pm
Ask Noel: Reverse mortgage or annuity?
Ask Noel: Reverse mortgage or annuity?

I have $238,000 redraw available on a mortgage loan for an investment property that is currently positively geared. Can I use the redraw facility on this loan to withdraw these funds to purchase another investment property?