With the recent spate of interest rate increases, many people who took reverse mortgages through the major banks several years ago are now paying well in excess of 10%. Fortunately, there are many other lenders who currently offer much cheaper rates, and crucially, no monthly fees. Now is a good time to investigate these options if […]
Share slump hits seniors hard, but home holds the key
by Darren Moffatt 16 March 2008MFS; Centro, Allco; ABC Learning; City Pacific – just some of the big names that have been battered by the recent share market slump. If you had money invested in these stocks (and many seniors did) you’ve probably seen your retirement investment portfolio take a big hit. Or perhaps your super now looks like it won’t last as […]