Can you assist your children with their home loan?
The number of Australian households who are struggling to refinance due to serviceability issues has surged from 15% to 30% in just less than six months, according to Compare Club.
New data from the personal finance marketplace and advice company also showed a skyrocketing number of refinancing inquiries from mortgage holders with an LVR of 90%, which makes refinancing tough, if not impossible, and to a level not seen since interest rates began to rise.
– Broker News 23rd August 2023
Are you in a position to assist your family when their home loan repayments are escalating and they cannot get a better interest rate? Do you want to make sure they can retain their home without financial stress or “forced sale”? Have you considered a reverse mortgage payment as a gift? An amount of $800 per month for 2 years should not affect any age pension entitlements.
Speak with Ray to find out more and how your personal situation may assist your family.
Reverse Mortgages Providers NSW: Home Loan for Children
Revised Pension Loans Scheme vs. Conventional Reverse Mortgage
Other blog posts
-
Reverse Mortgage vs Home Equity Access Scheme: What’s Better in 2026?
As more Australians enter retirement with valuable property but limited cash flow, the need to access home equity has grown significantly. In 2026, two of the most popular options are: Reverse mortgages (private lenders) The Home Equity Access Scheme (HEAS) (Australian Government) Both allow you to unlock the value in...... -
Energy Rebates for Australian Seniors in 2025–26
With rising energy costs across Australia, many seniors are looking for ways to manage household expenses more effectively. In response, both federal and state governments—particularly in NSW—are offering a range of support measures designed to reduce energy bills. The energy rebates for Australian seniors in 2025–26 are an important form...... -
Comparing Reverse Mortgage Providers and Products in Australia (2026)
Reverse mortgages are becoming an increasingly popular option for older Australians who want to unlock the value of their homes without selling. As property values increase and retirement funding needs evolve, many homeowners are exploring reverse mortgage finance solutions to supplement income or fund lifestyle expenses....
