Learn about reverse mortgages and how they work with this video overview by our advisor, Paul Dwyer as he explains the crucial details, the processes and the protections involved in meeting later life needs with a reverse mortgage loan.
An amount of $800 per month for 2 years should not affect any age pension entitlements. Speak with Paul to learn more about reverse mortgages and gifting and how your personal situation may assist your family.
Paul has helped thousands of Senior Victorians to successfully negotiate the complex rules that apply to both Pension Entitlements and Aged Care costs and fees. Many senior Australians have limited resources to improve their financial position. Many are on a fixed income, either from Superannuation or the Aged Pension. Paul will discuss your loan structure and advise whether there may be any pension impact. It is important to consider that a pensioner couple may one day have their pension income reduced from couple to single rate ( from $1,458 a fortnight to $967.50) should one of them pass away! Paul will discuss ways you can prepare for this and other ‘Later Life’ expenses.
