Reverse Mortgages NSW: Loan Scenario of the Week

Barry (89) & Eleanor (93) have lived at their home in the Blue Mountains for 46 years.  They have lived very comfortably and had incredibly successful careers, but they have now lived so long they are starting to run out of investments. They have used all their super and are now just on the aged pensions and are beginning to go through their savings. To maintain their lifestyle, they will need an additional $4000 a month. They want their facility to last them the next ten years which they are expecting should be the duration of their lives.

They are not worried about leaving an inheritance as their youngest daughter is very well off, they have bought their eldest daughter a house and they have paid for all their grandchildren to go to private schools and university. They feel they have given their family enough. Their children know about the reverse mortgage and are happy for their parents to do so.

If they need funds to go into aged care, they could sell the property or get assistance from their children. This loan will bring the couple great relief and allow them to live in the manner they wish for the rest of their lives.

If you would like to know more about how a Reverse Mortgage can help you achieve your lifestyle aspirations please call Raymond on 0438 184 784 or Nicholas on 0438 184 785.

Reverse Mortgages NSW: Loan Scenario of the Week (26/04/2024)

Reverse Mortgages NSW: Loan Scenario of the Week (10/05/2024)