By initiating the review, the government is signalling a small rate reduction for the 1100 pensioners who have reverse mortgages with the scheme.

Industry superannuation funds are the underwriters of the most competitive reverse mortgage on the market, which is offered...

The 2018 Federal Budget expanded the Pension Loan Scheme (PLS) to allow all retirees to obtain a state run reverse mortgage, which allowed pensioners to boost their retirement income by up to $17,800 for a couple without impacting on their eligibility for the pension o...

Josh Frydenberg says current interest rate of 5.25% for pension loan scheme is lower than rates charged by private sector

The Morrison government will review the 5.25% rate it charges for reverse mortgages after criticism from seniors groups that it has been gouging pen...

Retirees who use a federal government reverse mortgage program to boost their incomes are likely to get an interest rate cut after Treasurer Josh Frydenberg announced a review of the system.

Mr Frydenberg on Wednesday said the 5.25 per cent rate charged for reverse mort...

Reverse mortgages are surging in Canada as more older people join the country’s debt bandwagon.

If you’re 55 or older, you can borrow as much as 55% of the value of your home. Principal and compound interest don’t have to be paid back until you sell the home or die. To...

Retirees worried about income, thanks to lower interest rates, have a new way to dip into the equity in their property. We outline what's available.

From Monday, more retirees will have a new way to tap into the equity in their homes, providing regular cash payments at...

Retirees are being blocked from accessing the money trapped in their property as banks pull out of the reverse mortgage market, fuelling a growing income inequality among older Australians.

A new report has warned Baby Boomers have been dudded by only having half of the...

​The number of Australian homeowners over the age of 65 still carrying mortgage debt has trebled since 2002, raising concerns the nation's retirement savings could be absorbed into the housing boom.

In 2002 only 4 per cent of homeowners aged over 65 carried mortgage deb...

CBA and subsidiary Bankwest are axing reverse mortgages, the last of the major lenders to pull out of the $3.1 billion sector amid warnings of tougher regulation and rising costs.

The banks will withdraw the product for new borrowers from the beginning of next year. It...

American build-to-rent giant Sentinel Real Estate Corporation has declared Sydney too expensive to undertake projects and has instead turned its focus to Melbourne, after securing a $200 million commitment from a European pension fund to grow its fledgling Australian b...

When it comes to the work of real estate agents, it seems like the pro group and the against group can never agree on the need of them. The first group thinks they are a necessity and the second one think it's an absolute waste of time and money. So, do you really need...

Have you heard about the sale and stay deal? Yes? No? Well either way, here's a little lecture about the good and the bad sides of the sale and stay deal.

Let's see what sale and stay - benefits and downsides is about. The sale and stay deal is basically a deal by which...

For all those that know well what a reverse mortgage is but isn't sure if it something they really need, here's an article in which we will explain what they can do with the money and how to spend them best.

First, we would like to explain that there are two different o...

In Australia, there are many ways to get a large amount of money fast, but they involve banks and loans. A lot of people simply don't like banks and some of them are frequently asking themselves if they should find another way to get a lump sum that will help them solv...

Even though the common idea about real estate agents is that they will only charge you for something that you can do by yourself, this is not really true. Real estate agents in Australia is proven to make a profit to almost everyone that trusted them with selling a pro...