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That reverse mortgage scheme the government is about to re-announce, how does it work?

  • Written by The Conversation
That reverse mortgage scheme the government is about to re-announce, how does it work?Shutterstock

Many Australians have never heard of the Pension Loans Scheme, and many more assume it’s just for pensioners, which is understandable given its name.

That’s why the government is poised to rename it the Home Equity Access Scheme and make the interest rate it charges more reasonable, in the mid-year budget update on Thursday.

T...

Read more: That reverse mortgage scheme the government is about to re-announce, how does it work?

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The Importance Of Choosing A Skilled Mortgage Broker in Melbourne For Smarter Home Loan Decisions

Purchasing a property is one of the most significant financial commitments most people make, which is why many buyers rely on a trusted mortgage broker Melbourne to guide them through the lending process. A skilled broker helps borrowers understand loan options... Read more

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