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Seniors

Retire comfortably with smart investments

There has been a steady growth in the value of Australian homes over the years; therefore it’s likely that your home has built up significant equity. However, to retire comfortably many people find that their super or pension doesn’t support their lifestyle.

Reverse mortgages may be the answer. If you are over 60 and own your home, you may qualify for a reverse mortgage. Using the equity in your home allows you to release funds as an income source or for personal needs like travel or home improvements.

Better Choice Mortgage Services strongly recommends independent legal and financial advice before taking on a reverse mortgage.  Please refer to the MoneySmart section of the ASIC website www.moneysmart.gov.au

Loans/features that may be suitable for your situation include:

Reverse Mortgage  I  Redraw 

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