About Our Reverse Mortgage Service
Who We Are
At Reverse Mortgages NSW, founded in 2014 and led by Raymond Taylor, we specialise in providing expert reverse mortgage for seniors solutions. With over 20 years of experience, Ray and his dedicated team are committed to supporting senior Australians with smart money solutions.
As leading reverse mortgage brokers in NSW, We have an in-depth understanding of the needs of older Australians. Our deep knowledge of the older Australian market helps you secure the money you need to live in your own home as long as possible or in the event of needing more care.
Our clients benefit from exclusive access to niche reverse mortgage lenders, solutions, and opportunities that others might overlook. Also, benefit from our ability to secure the best solutions for your unique circumstances.
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Cert IV in
Finance and Mortgage Broking
Bachelor of
Economics
Masters of
Commerce
Australian
Credit License
Bachelor of
Business
Diploma of
Finance Broking Management
Team members
CALL
0438 184 784
EMAIL
[email protected]
Raymond Taylor is our director. He has worked in banking, finance and accounting for over thirty years. He holds a Degree in Economics, a Masters Degree in Commerce and Professional Accounting and has been a Member of the Institute of Public Accountants and the CPA’s for decades, he has also been a director of several public listed companies. He was a consultant to ABN AMRO when they had their reverse mortgage product. He has helped hundreds of senior Australians with reverse mortgages over the last 20 years.
CALL
0438 184 785
EMAIL
[email protected]
Nicholas Taylor is a specialist broker. He has Bachelor of Business, Certificate 4 in Finance and Mortgage Broking and a Diploma in Mortgage broking management. He has a background working for large multinationals and was state sales manager selling and project managing the installation of large industrial equipment with companies like Exxon Mobil, BP, BHP and Rio Tinto.
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What is a Reverse Mortgage Service?
It is a loan that allows you to convert some of the equity accumulated in your home into cash without selling up or paying a monthly mortgage. You could qualify for a reverse mortgage service if you are 55 years or older and own your own home.
You receive payments from the reverse mortgage lender based on the equity in your home. The amount of these payments depends on your age, your house’s value and the prevailing interest rate. In addition, the payments can be in lumpsum, instalments or credit.
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Reverse Mortgage vs
Traditional MortgagesThe main difference between a reverse versus a traditional mortgage is that the homeowner is not required to make monthly payments. Rather, the fees and interest are included in the overall outstanding balance. In a typical scenario, the loan is paid off when the house is sold or the owner moves out or passes away. However, if your wish to make payments you can do that at no extra cost.
Bear in mind that a reverse mortgage can reduce the equity in your home over time. If you are interested in a reverse mortgage, approach a reputable adviser such as ourselves.
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How does a Reverse
Mortgage work?A major benefit of a reverse mortgage is you have access to ready cash by tapping into the equity in your home. The payments can cover daily expenses, be used for improvements or even pay off debt.
A major benefit is that you do not have monthly mortgage payments to worry about. Payments can be as a lump sum or regular schedule instalments. The payments are guaranteed if you continue to meet the requirements. Moreover, the money you receive goes even further as it is tax-free.
Reverse Mortgages NSW
Your Trusted Reverse Mortgage Lenders
We will deliver a tailored reverse mortgage solution to comfortably finance your
retirement living and personal objectives.
We will ensure you get the most suited reverse mortgage solution from
trusted reverse mortgage lenders in NSW, meeting your unique
situation every time.
