What is a Reverse Mortgage?

Mar 19, 2019 7:00:00 PM

If you need to free up a little cash as you head into retirement, a reverse mortgage could be the solution. A reverse mortgage lets you mortgage your property so you can access your equity with no repayments required until you move out. For many retirees, a reverse mortgage offers financial security to cover those unexpected expenses – like home repairs or major surgery – without having to sell the family home. Read on to find out more about a reverse mortgage.


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Topics: Retirement, Home Equity Loans, Home Equity, reverse mortgage, Home Loan Advice, Australia Mortgage Broker, Home Loan Application

How old is too old when it comes to a mortgage?

Apr 16, 2018 9:18:38 AM

Older home buyers entering the market for the first time appear to be growing in numbers in Australia and New Zealand, as a combination of rising rents and low interest rates makes buying property a more attractive proposition. But, how big a factor is age when it comes to lenders determining your lending ability? Read on to find out.


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Topics: Retirement, Mortgage Broker, Australia Property, australia finance, reverse mortgage, mortgage stress, Mortgage Debt

Retiring with mortgage debt

Mar 22, 2018 9:37:53 AM

A growing number of Australians are expected to retire with a mortgage, research from a superannuation fund shows, while the “sandwich generation” grapple with a phenomenon known as “inter-generational dependency”. What are some of the ways you can ensure you retire debt-free? Read on to find out.


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Topics: Retirement, Mortgage Broker, reverse mortgage, mortgage rates, Mortgage Debt

Interest rates: To fix or float

Aug 24, 2017 3:53:17 PM

Earlier in July 2017, the Reserve Bank announced that it would be keeping the official cash rate on hold at a record low 1.5 per cent. The RBA is likely to continue holding rates in the short term, while it monitors the effects of the new tougher measures introduced for investors and interest-only borrowers. However, warnings of future rate increases have many borrowers considering a fixed-rate mortgage.


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Topics: Australia Property, Australia Real Estate, first home buyer, buying property, Second Home, finance health check, reverse mortgage

Reverse Mortgages: what you need to know

Aug 22, 2017 9:00:00 AM

Reverse mortgages are still a relative unknown in Australia, making up just $2.8 billion of the total $1,494 billion in residential lending. But for many retirees, reverse mortgages offer a solution to the “asset rich, cash poor” problem, providing a way to live comfortably in retirement without having to sell off the family home. Read on to find out what you need to know about reverse mortgages before deciding if this is the right option for you.


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Topics: Australia Property, Australia Real Estate, first home buyer, buying property, Second Home, finance health check, reverse mortgage