Peace of mind with a reverse mortgage – Loan Scenario of the Week

Lesley (aged 74) and David (aged 79) live in their unencumbered apartment. Recently they have had 2 large body corporate levies for building repairs and are expecting to have another one. David has also had a hip replacement. They have faced large and unexpected costs. They do not receive a pension as they have valuable […]

Loan Scenario of the Week (29/09/2023)

Peter (aged 77) lives in his unencumbered home in the NSW Riverina. Peter is a widow and he has no children.   Peter has realized he is slowly reducing his savings by around $200.00 per week.  He is looking to do a Reverse Mortgage to receive $250 per week to top up his income to meet […]

Loan Scenario of the Week (22/09/2023)

Eric (aged 77) and Donna (aged 76) have lived in their property on Sydney’s North Shore for 43 years. They wish to continue living there for as long as possible. Eric plays golf several times a week. They have a very active social life. They wish this to continue.   They have a Reverse Mortgage […]

Loan Scenario of the Week (15/09/2023)

Joan (aged 66) lives in her unencumbered home in Wollongong. She is a widow and lives alone.   She was retrenched and has been unable to find new work due to her age and so is currently relying on the jobseeker payments for her income. She will qualify for the full aged pension in January […]

Loan Scenario of the Week (01/09/2023)

Alfred (Aged 82) has lived in his home in the lower North Shore for his entire life   Alfred was a highly successful doctor and is used to a very good lifestyle. He has no children and will be survived by his nieces & nephews. The property is valuable in a wonderful location and can […]

Loan Scenario of the Week (25/08/2023)

Alan (aged 69) and Wendy (aged 65) live in their unencumbered home in Sydney’s Northern Beaches. They also own a holiday home on the South Coast.   Wendy is still working as a consultant. However, for the past 6 months she has been sick which has reduced their income considerably.   Alan is retired and […]

Loan Scenario of the Week (21/07/2023)

Amelia (Aged 75) lives alone in her home in Coffs Harbor. She relies on the Centrelink Aged Pension and a UK Pension for her income. She originally got her Reverse Mortgage to repay a mortgage and credit cards that had built up over time, allowing her to free up her cash flow and enjoy a better […]