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Showing 91 - 100 of 123 results for "Reverse mortgage"

Reverse mortgage sector picking up pace

HAMISH MADDEN  |  THURSDAY, 19 OCT 2006
In the first comprehensive study undertaken on the Australian reverse mortgage industry, actuarial firm Trowbridge Deloitte reported that the sector had doubled its value in the last 18 months as the reverse mortgage products gained traction. The study ...

Home equity needs to be part of retirement strategy

HAMISH MADDEN  |  TUESDAY, 26 SEP 2006
Recently re-branded financial services provider Over Fifty Group has published a paper pushing for a paradigm shift around home equity release, claiming bricks and mortar savings could plug the retirement savings gap. Over Fifty Group compiled the Commentary ...

Super funds to back new home equity mortgage group

KATE HAGE  |  FRIDAY, 22 SEP 2006
Superannuation funds are set to get behind a new home equity mortgage group, headed up by the former chief executive officer of Rothschild Asset Management, that will bring shared appreciation style mortgages to Australia. Peter Martin together with ...

Bluestone making aged care bonds affordable

HAMISH MADDEN  |  WEDNESDAY, 9 AUG 2006
... the loan only becoming payable when the last of the borrowing party passes away or the home is sold. "Typically reverse mortgage clients are required to repay their loan balance within a set period of the last surviving borrower moving into residential ...

SEQUAL anoints MIAA reverse mortgage training

HAMISH MADDEN  |  MONDAY, 31 JUL 2006
... of Lenders (SEQUAL) has endorsed the Mortgage Industry Association of Australia (MIAA) as its first accredited reverse mortgage education provider. MIAA is the first education provider to meet standards jointly developed by SEQUAL and the Financial Services ...

Reverse mortgages not for inexperienced advisers

HAMISH MADDEN  |  FRIDAY, 21 JUL 2006
... planners could deal with it with clients. It was too dangerous." And now, according to Williams, with the onset of reverse mortgage promotion and product proliferation the environment is just as hazardous. He warned that equity release products are complicated ...

Reverse mortgage misconceptions: SEQUAL

HAMISH MADDEN  |  WEDNESDAY, 19 JUL 2006
... the loss of capital growth in the home. SEQUAL said the ownership of the home remains with the retiree and the reverse mortgage is simply a loan against the asset. When the estate passes to the family, the family may not be forced to sell the home with ...

Little Black Book now available on FinancialStandard.com.au

ALEX DUNNIN  |  WEDNESDAY, 12 JUL 2006
Responding to demand from planners, super funds, employers and consumers for more help finding product and service providers from across the marketplace, Financial Standard has today launched its Little Black Book online. "The LBB is a free-to-air directory ...

More reverse mortgage protections needed: Mariner

HAMISH MADDEN  |  TUESDAY, 4 JUL 2006
... for the industry to adopt the same approach. "This strict approach towards compliance should be adopted by the reverse mortgage industry, including all members of SEQUAL and the financial advisory community. We will continue to encourage customers to ...

Reverse mortgages require proper planning: IAA

ALEX DUNNIN  |  THURSDAY, 29 JUN 2006
... be suitable products for people who understand them, but for the unwary they can pose significant dangers. "A reverse mortgage is different to a normal mortgage because you capitalise the interest and the debt can grow quickly to take over the value ...