Webinar Replay:
How Reverse Mortgage can help over 60's with cost-of-living.
Next Steps
Email info@seniorsfirst.com.au with 'Interested' in subject line then include your phone number, name, and age in the message.
In this webinar, we discuss the persistent cost of living pressures and recommended exploring non-credit solutions before considering borrowing.
If borrowing is necessary, it is important to choose a financial solution suitable for one's age.
Reverse Mortgages can be affordable in many cases however we advised being conservative with loan funds and only drawing what is necessary.
We encourage discussing the decision with supportive family members, understanding how Reverse Mortgages work, and feeling comfortable with releasing equity. It is important to note that interest is calculated only on the drawn funds.
Overall, we stressed the importance of reviewing financial considerations alongside lifestyle and psychological factors when making decisions about managing inflation, borrowing, and specifically, Reverse Mortgages.
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Meet Your Hosts:
Darren Moffatt
Founder & Managing Director
Darren is the founder of Seniors First and has been the CEO since 2006, he is also an is an award-winning businessperson with almost two decades of lending experience.
Andrew Cate
NSW Reverse Mortgage Broker
Andrew is the most experienced Reverse Mortgage broker in Australia, having originated 1,000 reverse mortgage loans over the last 8 years
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