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James Coyle

James has over 35 years experience in financial services with particular expertise in two of the key components of retirement finance - Superannuation and the Age Pension. He is passionate about providing the guidance and support that can help older Australians enjoy their best possible retirement. He lives in regional Victoria surrounded by dogs and chooks.

5 Comments

Valerie king on October 10, 2019 at 9:00 am

Is this reverse mortgage available on manufactured homes in a village
I own my home but pay site fees

Allyson Bailie on October 16, 2019 at 3:54 pm

Hi there Valerie
Unfortunately lenders don’t offer reverse mortgages on manufactured homes.
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Rob Wilson on October 23, 2019 at 7:54 pm

I guess a reverse mortgage is money owing so this will not affect the age pension payout and would not be reduced if you took a reverse mortgage?

Robert Bird on October 24, 2019 at 10:39 am

Is there special interest rates for this type of mortgages or are they the same as market rates of the day for normal mortgages?

Mark on October 25, 2019 at 4:17 pm

Hi Allyson
Surely when doing the numbers it would make a lot of sense sense financially if our retired couple were to move and downsized instead, to say a $500,000 property, mortgage free and with $300,000 cash in hand ? Without the risks and financial obligations that could lead to complications later (ie what happens after the 10 years?). Would’ve good to see a comparative study.