Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

In Focus: Reverse mortgages and their role in the lending market

andrew ford web andrew ford web
Todd Stevens 2 minute read

Reverse mortgages have been in the headlines recently, with several banks announcing that they would be moving away from offering this type of loan to borrowers. But Heartland Seniors Finance has outlined that there is still a role for this product in the market.

In this episode of In Focus, Heartland Seniors Finance CEO Andrew Ford joins host Annie Kane to discuss the role of reverse mortgages in the finance market. Given the recent ASIC review into the space finding a number of benefits but suggesting that more could be done to educate seniors of the risks, Andrew shares how the lender is working with brokers to help customers make informed decisions.

In this episode, find out:

  • The steps that a borrower needs to take to secure this class of finance
  • When a reverse mortgage is not the right decision
  • Andrew’s advice for brokers considering entering into the reverse mortgage market

And plenty more!

Advertisement
Advertisement

Articles of interest:

Banks quitting reverse mortgages ‘spells opportunity’ for brokers
Major bank CEO defends brokers
93% believe brokers have client interests at heart

Make sure you never miss an episode by subscribing to us now on iTunes!

Did you like this episode? Show your support by rating us or leaving a review on iTunes (Elite Broker) and by following The Adviser on social media: FacebookTwitter and LinkedInIf you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email This email address is being protected from spambots. You need JavaScript enabled to view it. for more insight!

In Focus: Reverse mortgages and their role in the lending market
andrew ford web
TheAdviser logo
andrew ford web
FROM THE WEB
more from the adviser
Complainants ‘very unclear’ about broker duties: AFCA

AFCA has told ASIC that the role of a mortgage broker is “not v...

Lack of clarity on loan requirements ‘eating into profitability’

Lack of clarity on loan requirements against the backdrop of incr...

‘The age of the regulator’: Compliance to get harder

New research has shown that there is little expectation that the ...