Reverse mortgage warning | Shed Connect

Posted on September 4, 2018 by | 1 Comment

ASIC deputy chair Peter Kell says: “Reverse mortgage products can help many Australians achieve a better quality of life in retirement. But our review shows that lenders and brokers need to make inquiries that would lead to a genuine conversation with customers about their possible future needs, not just a set of tick boxes on a form.”

Borrowers have been cautioned that are not getting enough help from lenders or advisers in working out the long-term implications of taking out a revers…

http://www.shedconnect.com/reverse-mortgage-warning/

 

Peter Mericka B.A., LL.B – Australian Legal Practitioner, Consumer Advocate and Principal of Lawyers Real Estate Pty Ltd and Lawyers Conveyancing – Melbourne – Victoria.

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