Problems with interest rates and repayments? Ask for home loan help.
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With current discrimination laws, lenders cannot discriminate on a borrower’s upper age. Normal conditions apply with regard to repayment capacity and equity however if a lenders was aware that a borrower was unable to understand responsibilities under the loan contract they may not approve a loan. Loan products, known as Reverse Mortgages are specifically targeted at older borrowers.
They allow borrowing against residential properties on the basis that the debt will be repaid from the property sale after death or relocation to a retirement home.
Call Your Local Finance mortgage broker on  to discuss your options
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