Reverse mortgage loan solutions
Sometimes clients come to Paul asking for a reverse mortgage loan for a specific need in their retirement.
At other times, he has found ways to suggest solutions that they never thought to ask for and that give them the confidence to LIVE in retirement,
Read the stories for each of these, and how oftentimes one loan can be structured to cover many challenges that have come together to stop clients LIVING confidently and comfortably in their senior years.
AGED CARE
Instead of selling your home, you can unlock your home equity through an aged care loan to finance your Aged Care costs.
NEW OR UPGRADED TRANSPORT
A reverse mortgage offers an ideal option to upgrade an old car. The interest rate is often much lower than compared to unsecured car financing offers from banks and traditional lending firms.
HOME REPAIRS AND MAINTENANCE
Many retirees want to stay in their home, not only feeling safe, but enjoying their surroundings and keeping their property maintained. Retirement income is often insufficient to pay for costly repairs, and accessing equity can ensure the ability to maintain the home
ADDITIONAL INCOME
Self-funded independent retirees, with reduced interest and dividend income and in a depressed market environment.
REFINANCE LOANS AND CREDIT
Phil and Maree have freed up their cashflow with a refinance, and improved their lifestyle with an income stream. They have assessed their future equity position and decided there is enough equity to pay for any aged care and provide an inheritance to their 2 children.
GIFTING TO CHILDREN AND GRANDCHILDREN
As a parent or grandparent, you may want to ensure that you leave an inheritance to your children and their children, or perhaps you want to help them out financially now – education expenses, a deposit for a home loan, any number of possibilities!
Understand Reverse Mortgage Solutions
