Reverse Mortgages NSW: Loan Scenario of the Week

Allan (69) & Shirley (66) live in their home on the New South Wales mid north coast. They have lived there for the last 2 years. They live here with their daughter and grandson. Living there because their daughter’s relationship has recently broken down.

Allan is on the aged pension, and he also get a carers allowance for Shirley. Shirley is on a disabilities pension until she is old enough to get the aged pension.

The couple are looking to do a reverse mortgage to pay for some minor renovations in their backyard such as extending their patio, landscaping and to build a small shed out the back. They want to make the backyard more appropriate for their grandson. They then would like to go on a holiday around Australia. Finally, they want to ensure they have the funds to cover their living expenses and any other unknown one-off expenses over the next couple of years.

This loan will provide the couple with the means to really enjoy their retirement and remove a lot of stress about unknown factors or expenses in the future.

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.

(Names, locations, amounts, & other personal details have been changed to protect the client’s identity. This post does not constitute advice.)

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 (05/04/2024)

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