MONEY  for  SENIORS
Source your own equity to enhance your lifestyle
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10 Minute Assessment
14-12-2009 
Call us on 0409 200 342 to arrange a quick 10 minute assessment of how much you can borrow and whether a Reverse Mortgage is your only solution.

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MONEY for SENIORS   is a Mortgage Broking Business based in Melbourne , Victoria . We specialise in assisting seniors to access funds for a better lifestyle. Established by Michael W Flynn in May 2000 as a Retirement Village Consultancy, before branching into Mortgage Broking in 2003.

Michael spent 30 years with A V Jennings, in the development of Industrial, Resort, and Retirement Village projects. He was involved in all aspects of Retirement Village planning, operation and financial structures.
 
He served for many years on the Board of the Retirement Village Association of Victoria. During the latter part of his period with Jennings he served for five years as an Honorary Director for a Non-Profit Aged Care Provider which operates Self-care Units, Hostels, and Nursing Homes. 

Through his understanding of the financial outcomes for seniors in Retirement Villages and Aged Care, Michael realised that the relatively new product called a Reverse Mortgage, also known as an Equity Release Loan, opened up many more options for seniors.

For any senior homeowner who is considering the sale of their home to buy a strata unit, retirement village unit, or to free-up capital, thought should also be given to an Equity Release product.

Equity Release Loan may be used for any purpose. The following are just some of the reasons that seniors have taken out an Equity Release Loans.

  •   Refurbish the family home.
  •   Purchase a new motor vehicle.
  •   Pay for an overseas trip.
  •   Assist a family member.
  •   Create a regular additional cash flow to support lifestyle.
  •   Pre-pay funeral expenses.
  •   Raise an Accommodation Bond for self or a Partner.

Equity Release loans should be entered into with full knowledge and caution. Equity release products have only gained real momentum over the past decade. In that time there has been a number of bodies set up, and initiatives adopted, to ensure there is a strong consumer protection focus by those dealing with borrowers.