I can help!
I was recently contacted by a new customer who required a reverse mortgage to pay for expensive major back surgery.
Being aged 61 years old, she did not qualify for a reverse mortgage. In addition, being on a disability pension made a traditional type of home loan difficult to obtain.
Prior to speaking to me, her only option was to sell her home of many years, enter the private rental market and have her pension reduced due to having substantial cash in the bank.
I then spoke to a number of my panel lenders and was able to find one that would consider an application in these circumstances.
RESULT – Standard home loan arranged with interest only repayments to be repaid by reverse mortgage when customer turns 65 years of age. She was able to remain in her beloved home, have the required surgery and enjoy life again.