Bruce (aged 74) and his wife Katherine (aged 72) live in their house in the Blue Mountains.
They are reliant on the Centrelink aged pension for their income.
They want to refinance their existing Reverse Mortgage to create a larger credit line amount available and to take advantage of the lower interest rate and lower loan fees.
Their original Reverse Mortgage was taken to payout their Mortgage when Bruce retired from running his own business.
They will spend some funds on a solar power system and batteries. The remaining funds will be for one off discretionary expenses and unexpected events.
Bruce and Katherine have found great comfort in getting a Reverse Mortgage, and they no longer worry about unexpected expenses.
If you would like to know more about how a Reverse Mortgage can help you achieve your lifestyle aspirations please call Raymond on 0438 184 784 or Nicholas on 0438 184 785.
(Names, locations, amounts, & other personal details have been changed to protect the client’s identity.)