LOANS FOR SENIORS Who is Senior for Loan Purposes? Age: 55? 60? 65?
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Transcript of LOANS FOR SENIORS Who is Senior for Loan Purposes? Age: 55? 60? 65?
![Page 1: LOANS FOR SENIORS Who is Senior for Loan Purposes? Age: 55? 60? 65?](https://reader036.fdocuments.in/reader036/viewer/2022072012/56649e415503460f94b33957/html5/thumbnails/1.jpg)
LOANS FOR SENIORS
Who is Senior for Loan Purposes?Age: 55? 60? 65?
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Purpose of Loan?
Buying Car?Holiday?
Gift for Children?These are not Investments
but purpose is consumption!
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Do not have income to pay off loan?
No.?Take Mortgage Equity Loan
Also known asReverse Mortgage Loan.
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How Reverse Mortgage Loan Works?
• You do not have to pay loan till you are alive?• Loan increases and will be taken off
from the equity of the house when house is sold off.
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Loan for Investment• Take Loan in Self Managed
Superfund.• Criterion is that the rental plus
super contributions should be enough to pay off the repayment for the home loan.
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LOAN FOR AGED CARE ACCOMODATION BOND
Maximum 45% of home value depending upon age.
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NEED MORE DETAILS
Contact:Bill Gupta at 0412 128 059Email: [email protected]: www.tridentfinance.com
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Notes
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Notes