Senior financial services

What are the financial options for seniors.

FREE guide from Seniors First. Downloaded by thousands of Australians since its introduction in 2008.

Aside from reverse mortgages, Seniors First can also provide you and your family with much needed seniors financial advice.

If you are retired or approaching retirement, you may think that along with the end of full-time work all the big financial decisions are behind you.

However, nothing could be further from the truth. Some of the biggest financial challenges a person is ever likely to face now occur in the final 30 to 40 years of life:

Planning finances for a comfortable retirement
How to pay out your mortgage before you retire
Managing your superannuation effectively
Estate planning
Entry to aged care and funding aged care costs

In many of these circumstances, there is a strong need for good financial advice. To assist our customers, Seniors First can refer you to financial advisers upon request.

Control Your Financial Future with a Reverse Mortgage

By unlocking home equity, a reverse mortgage can help finance the cost of retirement and offer more options for pensioners, such as staying at home.

Many seniors wish to stay and receive aged care at home to spend their retirement with their loved ones.

So, the prospect of selling the home and moving into an aged care facility is typically the last resort for many. This is one of the top reasons why reverse mortgages are growing in popularity (albeit not enough to reach market standards).

Aged Care Financial Advice

Perhaps the financial challenge that looms largest for seniors is aged care.

With the implementation of the Living Longer, Living Better reform on July 1, 2014, aged care facilities must enforce tighter means testing on aged care and accommodation costs.

The importance of getting good information and considering all the options weighs more heavily than ever before. You and your family simply cannot afford to make uninformed decisions.

Effective financial planning for aged care includes practical and helpful advice on how you can pay aged care entry fees and accommodation fees such as:

Refundable Accommodation Deposit (RAD)
Daily Accommodation Payment (DAP),
Means-tested care fee

An experienced aged care financial planner may assist you with advice and strategies that:

Improve your cash flow
Minimise aged care costs
Help fund your aged care fees

Seniors First work with a a small network of financial advisers around who specialise in aged care financial advice in NSW, QLD, VIC, WA and SA.

What Our Clients Say...

Robert K.

3 weeks ago

Seema was extremely helpful and explain the process with us every step of the way.
Anyone thinking of a Reverse Mortgage to use Seema from Seniors First would find it advantageous to do.

Paul V.

3 weeks ago

Thank you Seema

Bruce C.

3 weeks ago

Hi Angela

Thank you for all the help that you provided in this matter.

Your service was exemplary. You guided us in what could be a complicated and stressful process at our stage of life. Your assistance relieved us of those pressures.

We would recommend your service to anybody.

Thank you

Bruce & Judith

Colin B.

3 weeks ago

totally friendly and helpful through the whole process, thank you Angela

Karen J.

3 weeks ago

What initially felt like a daunting process, was made seamless and easy. My broker Palka ensured that I was well informed at every step of the application process and was always readily available to respond to my questions. I feel excited to be able to move forward with my plans now.

Lesley W.

3 months ago

We were very happy with the speedy and professional service from Seniors First. They helped us navigate all the options available and sorted out the paper work, making it a simple operation to find and apply for the most suitable reverse mortgage for our needs. Highly recommend!

David B.

3 months ago

I was very happy with Seniors First to organize my affairs. Seema was a nice person to deal with and great at getting my application approved, she persisted with my lack of Technology and sending documents. Her experience and knowledge will guarantee success.

barry T.

3 months ago

Understanding, deciding, facilitating and processing an application for a reverse mortgage is not a simple process, however having a Broker who works closely with you step by step is an absolute must have. We choose Seniors First based on peer and industry reviews coupled with the explanatory telecasts they provided explaining what was involved. Having decided to explore further we linked up with our Broker, Angela Giokaris via a lengthy phone discussion. Throughout the following weeks as the application process progressed we were confident that we were in good hands. Angela remained in contact every step of the way, openly ensuring we understood the pros and cons of a reverse mortgage and facilitated every step of the journey. Importantly, there were a couple of conditions from Heartland, our chosen bank, that we had issues with. Angela negotiated with Heartland on our behalf and secured the conditions we were chasing. We found Angela to be highly professional, very knowledgeable of the reverse mortgage product and banking generally. Importantly also, friendly, patient, considerate of our needs, thorough in detail and overall an absolute pleasure to work with. We are very happy with the end result and being able to convert our asset value to a cash value and opening the door to the rest of our lives. We would wholeheartedly recommend Seniors First, and in particular Angela to anyone who is considering going down this track. Barry.

Bobby Y.

3 months ago

I found the consultant from Senior first Richard Chapman, was extremely helpful and also very knowledgeable regarding reverse mortgages. He was always available to assist with any of out questions and or concerns. We found this process very smooth and seamless. My wife and I had many questions during this process, which were always handled with patience and understanding. I would recommend Senior First for anyone thinking about a reverse mortgage they make it easy.
Thanks guys.
Bobby Yarbrough

Ray and Carolyn D.

6 months ago

We were/are clients of Palka Kumar. We were impressed with her friendly nature and boundless knowledge of the industry. We had a number of Tele-conferences with her as she guided us through the process and let us know from the outset that she was with us the whole way through to conclusion. Palka was always available to answer any questions and kept us informed as the process went through the various stages. We have nothing but praise and appreciation for Palkas commitment to her clients. She always made us feel assured and relaxed about a sometimes daunting process. Outstanding.

How Seniors First Reverse Mortgage Can Help

Senior First can help you to find out how much equity you have in your home, and how you might be able to use it for your needs.

If you want to learn about reverse mortgages in detail, you can download our guide, Reverse Mortgage Secrets.

Get In Touch

Industry Awards & Recognition

Senior's First has developed a reputation as an award-winning Reverse Mortgage broker, and a trusted name among public policy organisations, the aged care industry, senior’s groups, older borrowers and their families.