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Loan Scenario of the Week: Michelle and Anthony
Michelle and her husband had a very successful business on the North Shore that was adversely affected by Anthony’s dementia, and then Covid-19. She had to close the business as it could not be sold.
Recent blog posts
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Reverse Mortgages NSW: Loan Scenario of the Week (05/04/2024)
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Reverse Mortgages NSW: Loan Scenario of the Week (01/03/2024)
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Learn the facts about Reverse Mortgages
When it comes to funding your retirement, you may be overlooking one of your most valuable financial assets. If you own your home, a Reverse Mortgage can unlock some of the value of your property as tax-free cash. A rise in house prices over time means that their home is... -
Bank of Mum and Dad & Reverse Mortgage a Tool for Intergenerational Wealth
The Bank of Mum and Dad is the 9th largest mortgage lender in Australia according to the Australian house and Urban Research Institute. 60% of first-home buyers have family support to buy their first home, up from 12% in 2010 according to the University of Newcastle. These factors combined with... -
What is a Reverse Mortgage?
A Reverse Mortgage is a home loan available to homeowners over 55. That does not require regular repayment. Your borrowing capacity is determined by your age, so at 55 years old a borrower can borrow up to 15% of the total value of their property. This amount you can borrow... -
Reverse Mortgage and Age Pension Entitlements
Many older Australians value their age pension payments. For the majority of recipients, the use of a reverse mortgage will have no effect on current entitlements. Each age pension recipient is assessed on both their assets and income to determine their pension payment....
