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Rattled by rising rates: 165,000 homeowners may be forced to sell
Almost a million homeowners could be forced to take drastic action if interest rates remain elevated until next year, according to new research by Finder.
Read more…MORE Property News • The Block • Home Loans
Almost a million homeowners could be forced to take drastic action if interest rates remain elevated until next year, according to new research by Finder.
Read more…More than half a million Aussie mortgage holders have paid interest only, some as a last ditch effort to avoid delinquency, according to new research by Finder.
Read more…Stressed mortgage holders are adding years and possibly hundreds of thousands of dollars to their loans to reduce their monthly repayments, according to new research by Finder.
Read more…For first home buyers, there’s a range of grants, incentives and programs that could help you into your own home sooner than later.
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My husband 75 years and I 70 years. We are planning to sell the family home in 12 to 18 months. We have tried to access a reverse mortgage from CWB ( who we bank with ) and have been refused. We run a B&B from our family home and have done for 10 years. We have also gone security guarantor for our son and his wife (160,000) with Westpac. We own our home which has been valued by a valuer at $1.500.000. We have no debts and have never had a bad credit rating. Could you please advise us where to apply and if you think we have any chance of accessing around $30,000. Thank you.
Hello Frances,
Thank you for your inquiry.
May I confirm if both of you are pensioners? If you are, we have a full guide written for pensioners who are seeking home loans. On that page, we have listed some tips on how to apply for a home loan, the types of home loans you may qualify for, and the advantages and disadvantages of pensioner home loans. Should you identify that reverse mortgage suits you, we have a list of lenders that you may consider.
Both pages have a comparison table you can use to find the right lender for you. Once you have chosen a particular lender, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with your loan application or get in touch with their representatives for further assistance.
Take note that you need to review their requirements and loan terms before proceeding.
Alternatively, you may consult a mortgage broker for a personalized advice based on your needs.
Hope this helps.
Cheers,
Jonathan