More than a decade’s experience consulting with senior Australians and Self-Funded Retirees regarding specialist credit products designed to support retirees.
The Difference? – You are talking to an Expert – Not a Call Centre!
You can phone, email or send us a message Simply click here …
Loan Scenario of the Week (08/12/2023)
Michelle (aged 65) lives in her home in the Northern Beaches. Her husband Anthony (aged 71) lives in an Aged Care centre specialising in the care of people with alzheimer’s and dementia. He has been in Aged Care for over 5 years after developing early onset dementia. Michelle is Anthony’s Power of Attorney. Michelle and […]
The Revised Pension Loans Scheme compared to a conventional reverse mortgage
Much has been written about the recently revised Centrelink Home Equity Access Scheme (HEAS). It is a government-funded reverse mortgage loan that offers eligible seniors (not necessarily pension recipients) increased pension payments advanced as a reverse mortgage loan. Borrowers must be property owners and the loan is secured by a caveat over their home, or […]
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 […]
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 […]
Are you receiving the correct Age Pension Payments?
Age Pension eligibility is calculated by a means test assessment. Both income and assets are assessed by Centrelink/DVA in order to determine eligibility and payment amounts. The current maximum age pension payments are Single $1064.00 per fortnight Couple $802.00 each per fortnight Income assessment Recipients are able to earn $204.00 per fortnight for singles ($360.00 […]
Loan Scenario of the Week (08/09/2023)
Bruce (aged 74) and his wife Katherine (aged 72) live in their house in the Blue Mountains. They are reliant on the Centrelink aged pension for their income. They want to refinance their existing Reverse Mortgage to create a larger credit line amount available and to take advantage of the lower interest rate and […]
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 […]