Reverse Mortgage Loans

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Reverse Mortgage

funding options for retirees

The most common Equity Release option available to Seniors in Australia is a Lifetime or Reverse Mortgage.

 

Concern about 'savings shortfall'

Recently there has been much comment about the 'savings shortfaIl' that many Senior Australians can expect to be faced with in their retirement. The issue has become an increasing focus of many in society, including the Govemnent, Senior's organisations, seniors themselves and their families. The media is challenging the issue with increasing frequency, and there is much debate in the community as to how best manage the issue.

Some options to consider

There are a number of options available to seniors, their famlies and professional advisors to consider.

These may include:

  • seling the home and downsizing to a smalIer property
  • borrowing from the family
  • adjusting ones lifestyle to reduce daily expense
  • returning to the Workforce
  • releasing some equity from the sale of a portion of the property
  • releasing some of the equity in the home or investment property via a mortgage release loan

 

Contact BFS

  •   Level 1 8/80 Sixth Street, Maroochydore, QLD 4558
  •   1300 783 676
  •   07 5475 4147
  • col@bfsfinance.com.au
  • Australian Credit License No: 387590