New year brings a new need for reverse mortgage

by Darren Moffatt on January 21, 2013

  • Sumo

I’ve been doing reverse mortgages and equity release for Australian seniors for nearly eight years now. That’s a long time!

One consistent trend I’ve noticed  is the surge in phone calls that always occurs in January. It happens every year: the phone rings hot in the new year with people making fresh enquiries about how to release equity from their home.

I don ‘t need to speculate why this happens, I KNOW because I ask everyone I talk to. The answers are always the same, with the most common responses going like this:

“.. the pension is just not enough to live on”

“I scrimped and saved to buy Christmas gifts for the grandchildren and family but now I’ve got no cash left…”

“…I never thought I would be doing one of these loans, but there’s lots of value in the house so I may as well use it.”

“I’m still in good health and I decided over the holidays I want to go on holidays while I still can.”

“We need a new car and the house needs some work, but we’ve run out of savings…”

Any of these sound like you? The good news is something can usually be done.

Feel free to call me to discuss your situation in confidence, with no obligation – 1300 745 745.

Regards, Darren

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