Page 10 - Sydney Senior Scene
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PAGE 10                                                                                                                 

                                LIVE LIFE TO THE MAX WITH SENIORS

                                                         LOAN SPECIALISTS
          t is with real pleasure that I com- your circumstances, whatever your an Aged Care Loan to pay for Aged so-called lender buys a percentage
          mit  myself  to  serve  the  Senior need, I, or one of my specialist col- Care  Accommodation?  Whatever of your property. You are then co-
       ICitizens of Australia, with finan- leagues, will provide you with the your situation, feel free to call me owners  of  the  property  with  the
        cial solutions which are specific to best financial information and so- and have a confidential chat, on the bank. Don’t be fooled! This is not
        meeting their needs. Anyone over lutions  available.  Let  us  listen  to phone or over a cup of tea. It helps the same as a Reverse Mortgage! It
        50 needs a special loan solution.    your needs and explore the options to talk these things over to get clar- is not a loan. “They” are not lend-
        It is important to me, to see you with you at your pace. We explain ity and see what your opportunities ing you money against your home.
        who are in your latter years, have everything you need to know, so are. Our service is very personal. It is a partial purchase. The valua-
        the best opportunities available, to you    are  able  to  make  wise  and We want to make sure you get a re- tions for this type of scheme typi-
        live the life of your dreams. I love confident decisions regarding your ally great, outcome, and I am look- cally come in very low so you risk
        to see the glow on faces, as finan- financial needs and your future.       ing  forward  to  your  call  and  to being paid a below-market sum for
        cial burden is lifted. I love to see Don’t assume that you need to sell meeting a new friend. All the best the percentage being purchased by
        the smiles as realizations emerge. your home! Don’t assume that you till we talk soon, Anyone over 50 the lender. Conversely, if you want
        Yes, those ideas and dreams for a need  to  downsize  and  spend  all needs special help getting finance. to buy back the percentage previ-
        fulfilling retirement that you have that money on moving, real estate If you are still working you will be ously sold, the valuations typically
        imagined for so long, can in fact agent’s fees, and stamp duty when able to get a loan based on your in- come  in  high,  so  you  might  find
        become a reality. I feel compelled you buy again. Even more impor- come  but  the  loan  term  may  be yourself paying a higher than mar-
        to  make  available  the  best  solu- tant,  why  go  through  the  enor- shortened making the repayments ket  price  to  get  that  percentage
        tions,  and  to  warn  against  other mous  emotional  upheaval  of higher  and  the  serviceability back. The fees payable to get out of
        less desirable offerings which can leaving the home you have created tougher. It will be much easier for the scheme are also high. To sum-
        result in negative outcomes.         and  the  community  you  know,  if anyone over 50 to use a broker to marize, it is difficult and expensive
        Each one of you has worked hard you  don’t  need  to?  Why  throw locate the best options for refinanc- to  get  that  percentage  of  your
        for  many  years  to  create  the  re- away  your  keep-sakes  and  treas- ing and purchasing. Once you stop property  back,  if  you  so  choose.
        sources  you  have. You  have  pro- ures? Why say good-bye to long- working, or reach the age of 60, it This type of scheme is banned in
        vided for the needs of your family standing friends as you move to a may be preferable or necessary to some countries. If you are consid-
        over  a  lifetime  and  paid  off  your less  expensive,  and  unfamiliar use  a  reverse  mortgage  which  is ering  this  type  of  arrangement,
        “Castle”, as some refer to it. If you area? We will be delighted to per- designed particularly for seniors.      please call us. We will go through it
        have been fortunate you have even sonally  help  you  to  a  great  out- Firstly, I would like to mention the with  you,  in  detail,  explain  our
        put some savings aside. Maybe the come with all the information you one  option  that  we  do  not  offer, reservations,  and  possibly  save
        savings are not going the distance. need. Do you want a Reverse Mort- and explain why not, so that you you  some  heartache.  We  do  not
        If you are on the pension, you will gage to travel the world, pay out understand our position right from offer this type of arrangement. We
        know that the pension is not going debts  or  provide  for  other  wants the  beginning. The  Home  Rever- only offer real loans which can be
        to send you to the moon. Whatever and needs? Do you, perhaps, need sion is a scheme where a bank or repaid at any time.
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