Lenders Wanted

WA, $68K, Owner occupied, Refinance, Full-doc, 25% LVR

Posted on 13/09/2013 6:52:10 PM

REVERSE MORTGAGE on Strata Titled unit in Warwick WA
Valued at around $270k. Pensioner 78yo owns outright but needs reverse mortgage
23 units in the complex.
Are there any lenders that will help this poor guy out.
Have tried CBA, BWest, BMM, MEBank, Mortgage Ezy, Police and Nurses, Homeside, ANZ

Probably a Credit union lender will take it up.

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Add your reply
  • John23/09/2013 3:35:51 PM

    ASF, Bluestone and Over Fifties Seniors Equity Release are listed in the Sequal website.

  • Stephen20/09/2013 5:41:07 PM

    Your only option might be referring him to ASF (Australian Seniors Finance) - www.seniorsfinance.com.au
    The figures you are quoting fit their Lifetime product.
    Only issue is - To my knowledge they don't accredit or enter into commission deals with brokers - they deal directly with the client. So if you want to get any earn out of this, you will need to consider a direct 'finder's fee from the client.

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