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A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments.
HECM, lump sum, line of credit, reverse for purchase, Platinum (jumbo) For HECMs, borrowers must be aged 62 or older and have considerable equity (at least 50 percent) or own their home free and ...
Proprietary reverse mortgage – This is a loan offered by a private reverse mortgage lender and not insured by the government. Some proprietary reverse mortgage options allow you to take out a ...
Reverse mortgage flip the traditional lending model on its head: Instead of you repaying the lender, the lender pays you with tax-free payments. The loan only becomes due after a “triggering ...
The Moneysmart website was officially launched on 15 March 2011, [3] as part of the Australian Government's National Financial Literacy Strategy 2008–2010. [4] In July 2008, the Australian Government transferred the functions of the Financial Literacy Foundation to ASIC, including managing and maintaining the Understanding Money [5] website.
Pages in category "Mortgage industry of Australia" The following 13 pages are in this category, out of 13 total. ... Lenders mortgage insurance; LIXI; M. Mortgage (film)
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