Keep up with the latest news and updates
May 2, 2024
Imagine working your whole life, saving every penny, only to have it swindled away by a scammer. For many seniors, this isn’t just a fear; it’s a reality. Scams can drain life savings, leaving victims struggling to cover everyday expenses or medical bills. With the Australian Bureau of Statistics reporting a gross amount of $2.2 billion
May 1, 2024
When you’re considering a home loan (or a Reverse Mortgage), understanding the mortgage interest rates is crucial. The interest rate determines how much extra money borrowers must pay on top of the borrowed amount. A lower rate means less money paid in interest, while a higher rate increases the overall cost of releasing home equity.
April 23, 2024
Recent banking reforms, initially aimed at curbing predatory lending, have inadvertently tightened credit access for many Australian seniors, leaving them struggling to navigate a rapidly digitising economy. According to Chris Grice, CEO of National Seniors in an interview with ABC, this shift has resulted in a challenging “whack-a-mole” scenario where solving one issue often gives
April 15, 2024
A Reverse Mortgage, in its simplest form, allows you to access the equity in your home, converting it into cash you can use for various needs. Unlike traditional home loans, you don’t need to make regular repayments. Instead, the interest accumulates, and the loan plus any interest and fees is usually repaid when you sell
April 12, 2024
We have some thrilling news to share with you! Seniors First, your trusted Reverse Mortgage broker, has been nominated as a finalist in the prestigious 2024 Mortgage Business Awards. For this year, we are shortlisted as a possible winner for the Brokerage of the Year Award. This esteemed award recognises the brokerage brand that has
March 28, 2024
More and more Australian seniors are choosing to stay in their own homes instead of moving to aged care facilities. Recent statistics reveal a compelling narrative: approximately 800,000 Australians aged 65 and over opted for home support services in 2021-22, with another 213,000 utilising home care. These figures underscore a significant move away from traditional
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