Aged Care Finance
About Our Aged Care Finance for Seniors Service
Reverse Mortgages NSW, we bring over 20 years of experience in supporting senior Australians with tailored Aged Care Finance solutions. Our team understands the unique financial needs of older Australians and provides access to niche lenders and opportunities that may be overlooked by others. Our goal is to help you secure the funds needed to stay in your home or receive the care you require while maintaining peace of mind. By using a reverse mortgage, families can avoid the emotional stress of losing their family home during the transition to aged care, allowing for flexibility in funding in-home care, making modifications to ensure the home is suitable for ageing, or even covering costs 24/7 in-home support.
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Here are some of the quick facts you should know about Aged Care Finance:
- Means Testing: Your income and assets are assessed to determine your level of government support, impacting the fees you’ll need to pay for aged care services.
- Residential Aged Care Costs: These typically include accommodation fees (RAD or DAP), daily care fees, and additional service fees. Payments can be made through lump sums, regular payments, or a combination of both.
- Home Care Packages: For those who prefer to remain at home, government-funded Home Care Packages are available, offering a range of support services tailored to individual needs.
- Private Funding: If government assistance is insufficient or higher levels of care are needed, private funding through savings, investments, or loans may be necessary.
- Financial Advice: Many families seek the help of financial advisors who specialise in aged care to navigate the complex system of subsidies, fees, and private funding options. A financial advisor can help maximise entitlements and provide guidance on the best way to pay for aged care.
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Why Consider Our Aged Care Finance Service?
Reverse Mortgages NSW provides specialized Aged Care Finance solutions designed to meet the unique financial needs of older Australians, helping families retain their homes while securing necessary funds for aged care. With over 20 years of expertise, we guide you through complex financial options, offering personalized support and access to niche lenders who may provide better terms than mainstream institutions. Our services allow you to use reverse mortgages to cover a wide range of expenses, from in-home care and medical costs to home modifications and residential aged care fees, ensuring that you or your loved ones can age comfortably and securely without the worry of financial instability.
Benefits from our Aged Care Finance service
Choosing Reverse Mortgages NSW for your Aged Care Finance needs comes with a range of benefits:
- Expertise You Can Trust: With decades of industry experience, we guide you through the process, helping you make informed decisions.
- Personalised Solutions: Every client’s situation is unique, and we provide customised financial solutions tailored to your specific needs.
- Peace of Mind: Our services ensure you have the financial support needed to live comfortably in your own home or transition to aged care without the stress of financial uncertainty.
- Access to Niche Lenders: Our extensive network connects you with niche lenders who may offer better terms or more suitable products than mainstream options.
Frequently Asked Questions
- What is a Aged Care Finance?
Aged Care Finance encompasses the financial arrangements and support available to cover the costs associated with aged care services, which include residential aged care facilities, in-home care, and other support options for elderly individuals.
- Who is eligible for Aged Care Finance?
Aged Care Finance is typically available to senior citisens who own their homes and require funds to cover aged care expenses. Eligibility criteria may vary depending on the specific financial product and lender
- How can I use the funds from Aged Care Finance?
Funds from Aged Care Finance can be used for various purposes, including in-home care, medical expenses, home modifications, or moving into an aged care facility.
- Do I need to make monthly repayments?
With many Aged Care Finance products, including reverse mortgages, you are not required to make monthly repayments. The loan is typically repaid when the home is sold or you permanently move out.
Why Choose Us
Over 20 Years experience
helping senior Australians
with finance
We are zero cost
to clients as we are
paid by lenders
You don’t get charged
extra by lenders because
you work with us
We help you
navigate pension rules
to ensure you know if your plan
will impact your pension
Finance-related
degrees held by staff
We try and visit clients
at their homes as often
as possible
We know all the
seniors finance products
so clients will get the best product
available for their needs
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.
