More than a decade’s experience consulting with senior Australians and Self-Funded Retirees regarding specialist credit products designed to support retirees.
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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 (18/08/2023)
Neil (aged 66), lives in his home on the NSW South Coast. He has lived there for over 30 years and inherited the property from his father. It is an acreage property. The zoning on the property was rural, with the council changing it over the years. Currently the quarter of the property around the […]
Loan Scenario of the Week (11/08/2023)
Thomas (aged 84) and his wife Florence (aged 85) live in their unencumbered home in the Sydney Hills District. Thomas has just fully retired and closed his business which he had been operating part time. Florence recently had a fall and Thomas has also found it difficult to come inside and up the stairs from […]
Loan Scenario of the Week (04/08/2023)
Timothy (aged 82) and Karen (aged 73) live in their home in Western Sydney. They have a mortgage of approximately $215,000.00. The payments have increased considerably in the last few months as interest rates have risen. They, also have an arrangement with council as they have rates arrears. Timothy and Karen are looking at a […]
Loan Scenario of the Week (28/07/2023)
Lyndall (74) lives with her husband George (80) in the house in the Blue Mountains. George has dementia, and Lyndall has signed on his behalf as a Power of Attorney. This loan is to pay off several debts that have built up over time. This is because the costs of living and the extra […]
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 […]
Loan Scenario of the Week (14/07/2023)
Sophia lives in her unencumbered home in Sydney’s South. Sophia has lived in her home since the early 1970’s. She does not want to leave. She is living on the pension but wants a Reverse Mortgage to allow her to achieve some things that will be impossible on the pension. She wants to put […]
Reverse Mortgages- Preserving your families wealth.
Reverse Mortgages often have a reputation for eating up a family’s equity and diminishing your child’s inheritance. This is a concern for clients when taking out a Reverse Mortgage, however, we have found in the current Australian property market when used responsibly, the opposite is true. We recently heard from a client in the Northern […]
Loan Scenario of the Week (07/07/2023)
Janette (aged 83) lives in her home in Sydneys Inner West. Her husband died several years ago, and she only has one son, Patrick. Janette has around $200,000.00 in savings and shares. She relied on the pension for her income and receives a small amount of interest and dividends from her investments. Janette has […]
Reverse Mortgages and Gifting
Article By Paul Dwyer The Bank of Mum and Dad has become a major source of funding for younger home-owners, either wanting to get into home ownership, or having financial assistance in meeting increased home loan repayments. When Mum and Dad reach retirement age, often their home becomes their greatest asset and Reverse Mortgage borrowing […]