Keep up with the latest news and updates
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
March 12, 2020
The impact a Reverse Mortgage may have upon your eligibility for the Aged Pension will depend on individual circumstances, and there are a number of important factors to consider. It ultimately depends on the purpose, and how you use the money from a Reverse Mortgage. There are three ways you can take Reverse Mortgage funds:
February 24, 2020
In the 2018 Federal Budget, the Australian government introduced key changes that allow seniors with full age pension entitlements to access the government-funded Pension Loans Scheme (PLS) (or often dubbed the ‘government reverse mortgage’). While the PLS was established in 1985 by the Hawke Government, very few retirees were aware of it and fewer have
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