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Showing 1 - 10 of 92 results for "Reverse mortgages"

ASIC confirms advisers can offer home equity access guidance

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
... Scheme without requiring an Australian Credit Licence (ACL), notwithstanding their functional equivalence to reverse mortgages that are regulated under the National Credit Act." The Home Equity Access Scheme (HEAS), previously named the Pension Loans ...

Prime Minister announces reverse mortgage scheme

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
... Treasurer when we first started opening up this scheme and making it more attractive, are concerned about going into reverse mortgages with banks and those sorts of things," Morrison said. "I understand those concerns. There's some good products ...

Catholic Super bank implements Temenos

KANIKA SOOD  |  MONDAY, 12 APR 2021
... the major banks do. He also added Challenger would have the opportunity to expand into other products such as reverse mortgages via Catholic's ADI licence. Catholic Super's sale of the banking business followed its 2019 partnership with Equipsuper under ...

Challenger to buy industry-fund-owned bank

KANIKA SOOD  |  WEDNESDAY, 23 DEC 2020
... said the ADI licence gives Challenger the opportunity to potentially offer specialised loan products such as reverse mortgages. "CGF's current one-year term annuity rate is 1.04%. This compares to CBA's current one-year term deposit rate of 0.55%, so ...

Household capital a retirement solution: Research

ANNABELLE DICKSON  |  MONDAY, 14 DEC 2020
... ownership as an important fourth pillar. RMIT suggests the fourth pillar should include equity release options like reverse mortgages. "By releasing home equity, a reverse mortgage could help Australian seniors fund the cost of retirement and facilitate ...

Reverse mortgages used to extinguish debt

KARREN VERGARA  |  THURSDAY, 26 NOV 2020
More older Australians are increasingly using reverse mortgages to pay off debt, a new survey found. RMIT University found two in five (44%) seniors used reverse mortgages to refurbish their homes after surveying over 9700 customers of Heartland Seniors ...

Household capital remains key: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... it needs to address low financial literacy in this area," he said. "Currently, equity release products - and reverse mortgages in particular - are often being used to pay out current debt, ahead of other uses such as home improvements to allow them to ...

National Seniors partners with retirement funder

HARRISON WORLEY  |  FRIDAY, 27 SEP 2019
... range of purposes." Earlier this year the firm co-funded a UNSW study into the lag in Australia's uptake of reverse mortgages.

University to probe reverse mortgages

KANIKA SOOD  |  TUESDAY, 11 JUN 2019
The University of New South Wales' business school is starting a two-year research project on reverse mortgages to find why their uptake has been slow in Australia. Reverse mortgages allow retirees to borrow money against their homes to supplement ...

Retirement funder partners with ME Bank

KARREN VERGARA  |  FRIDAY, 12 APR 2019
... fund first-home buyers' deposits and educational expenses. Funder said Household Capital loans fill the gap of reverse mortgages, which have not always aligned with the long-term housing and income needs of retirees. The end of 2018 saw CBA and BankWest ...
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