Okay so I am going through settlement. What I get out of this house when we sell wont be enough to leave me mortgage free...

I obviously due to being on my own with 5 kids want to have as little debt as possible. I have no other debts either personally or from the marriage. I want to buy a home for us & realistically there is not much on offer here much less than 400K. That is for something very very ordinary. I don't mind that - I feel sure that the right house will manifest.

However, I need some information on some of what I have read alluded to. That is borrowing against Superannuation to reduce the cost of a loan. I will be studying next year - & realistically with Imogen's poor health won't be working for a good few years. So I need as little costs to daily living that I can manage.

Does anyone know about borrowing against super?

Any super funds that will allow early withdrawl or at least help with the reduction in mortgage?

What is a reverse mortgage and could this work for me?

Banks that are friendly to single women on income support. I will have in excess of 60% deposit...

Thanks everyone!