October 18, 2016

(Article published by Mortgage Professional Australia Issue 16.11) A combination of economics and demographics is bringing reverse mortgages back into the spotlight, and there’s a need for brokers to write them. MPA, in partnership with Heartland Seniors Finance, explains how you can bring reverse mortgage lending into your business. DEMOGRAPHIC TRENDS rarely make for a

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May 2, 2016

Breaking news: Reverse Mortgage Lender Launches ‘Monthly Payments’ Drawdown Option. One of our partner lenders, Heartland Seniors Finance, recently just announced a new product enhancement for reverse mortgages. Heartland now offers monthly regular advances in addition to their regular quarterly and yearly advance options. This is great news. Now if you are a home owner,

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February 4, 2016

Majority of Australian seniors are still reluctant to unlock their home equity through reverse mortgage loan. Recent report from the Productivity Commission reveals that less than 1 per cent of older Australians use financial products to tap into the substantial wealth of their home. The same report also shows that age pensioners tend to be

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February 2, 2016

For older Australians living on pension, maintaining a modest life could be a challenge. Your income in your retirement years will not be enough to pay for all your needs, so you might resort to cost-cutting and even debt just to make ends meet. Chances are, you have accumulated your wealth in form of home

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November 4, 2015

Recently Seniors First Managing Director, Darren Moffatt, conducted a media interview on the current state of the local reverse mortgage market. This was in response to a recent report by Deloitte which now has the value of the reverse mortgages in Australia at $3.7 billion. To find out what’s happening with reverse mortgage lenders, and

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August 24, 2015

Are you worried about your retirement? Perhaps you are concerned your savings will not be enough to cover your lifestyle when you retire. Is a reverse mortgage the solution for you? I was recently quoted in a very extensive article by the Financial Review on reverse mortgages, which I recommend you read in full. It’s

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