Source: Do the sums before you sign up to a reverse mortgage
The unexplained and sudden exit of the Industry Body (SEQUAL) presents some serious challenges for Reverse Mortgage providers and whilst the Finance Brokers Association of Australia (FBAA) should be encouraged to be part of the solution, their response falls well short of the mark. It is time for the Australian Equity Release market (Yes. … More FBAA to launch reverse mortgage training course – The Adviser
Reverse Mortgages and Centrelink… Reverse Mortgages and Centrelink… Source: How would a reverse mortgage affect my age pension?
One of those key issues was increasing user pays in aged care, and there was broad agreement on the need for consumers to pay a greater share towards the cost of their care. Nick Mersiades, director of aged care at Catholic Health said: greater consumer contributions wouldn’t come from income sources and government should … More Release of ACFI review is imminent – Australian Ageing Agenda
Property Values Driving Equity Release Demand: “Soaring property prices, the new pension rules and the desire to lead an active, comfortable retirement are driving demand for equity release solutions”. Bina Brown Source: How your home can finance your retirement | afr.com
Source: Shared equity: First home buyers able to co-purchase property with Victorian Government
The Industry Body (SEQUAL) has closed its doors and the number of Reverse Mortgage providers continues to decline but Cash Poor/Asset Rich retirees continue to seek ways to use the Home equity to fund their retirement… Read More