Keep up with the latest news and updates
July 5, 2021
How do Reverse Mortgage interest rates compare? Most people think a Reverse Mortgage interest rate would be higher than a credit card. But Credit card interest rates are charged between 12% to 22% – much higher. Reverse mortgage loans interest rates are typically only around 1-2% higher than a normla, standard home loan rate. If
June 21, 2021
Once the kids moved out, parents will sell the spacious family home with backyard and move into a smaller 2-bedroom apartment. Or so we thought. A recent article published by The Sydney Morning Herald reveals that doesn’t happen as often. Instead of downsizing, older couples and even singles choose to stay put in big homes.
February 3, 2021
National Seniors Australia (NSA) has requested a review of the Pension Loans Scheme (PLS), citing the high-interest rate is too high and not in sync with the record low official cash rates. NSA is a lobbying group that represents more than 130,000 retirees in Australia. In the group’s pre-submission, it asked the Treasury to reduce
October 30, 2020
Why do many people say reverse mortgages are not a good idea? Understanding and learning how far they have come can help you bust the myths around it. Here are four reasons why reverse mortgages have a bad rep: “REVERSE MORTGAGE DEBT COULD GROW QUICKLY” In the past, a lot of reverse mortgages were based
October 8, 2020
In the 2020 Federal budget, two $250 payments were announced for pensioners following the $750 payments in earlier this year. The government will be spending $2.6 billion over the next three years on the payments to help stimulate the struggling economy and ease some financial stress due to COVID -19 pandemic. AM I ELIGIBILIE FOR
March 30, 2020
A message from our CEO Due to the coronavirus pandemic, we want to inform all our clients and colleagues that Seniors First continues to serve its clients as before. Reverse Mortgage Loans Are Still Available Seniors First lending partners are part of the banking industry and so are considered essential businesses and remain available to
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