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?
LOANS FOR SENIORS
Who is Senior for Loan Purposes?Age: 55? 60? 65?
Purpose of Loan?
Buying Car?Holiday?
Gift for Children?These are not Investments
but purpose is consumption!
Do not have income to pay off loan?
No.?Take Mortgage Equity Loan
Also known asReverse Mortgage Loan.
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.
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.
LOAN FOR AGED CARE ACCOMODATION BOND
Maximum 45% of home value depending upon age.
NEED MORE DETAILS
Contact:Bill Gupta at 0412 128 059Email: [email protected]: www.tridentfinance.com
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