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Welcome to Senior Solutions, New Zealand’s Specialist Reverse Mortgage Adviser. We trust that you will obtain valuable, meaningful information from our website, and that you will contact us to seek clarification of any queries you may have, or to enquire to the next steps toward a Reverse Mortgage application.
What are Reverse Mortgages?
Reverse Mortgages (sometimes referred to as Home Equity Release loans, Lifetime Loans or Reverse Annuity Mortgages) allow Senior homeowners to access equity in their homes for whatever purpose they desire, without the requirement that the loan is serviced from income. That is, the interest on the loans is not required to be paid as you go, but added to the loan balance and paid when the property is eventually sold.
Who is Senior Solutions?
Senior Solutions is a Specialist Reverse Mortgage Adviser. Its primary role is to provide practical, meaningful advice about the Reverse Mortgage products in the New Zealand marketplace, and their various strengths and weaknesses, and to assist Seniors to obtain the appropriate Reverse Mortgage product.
What value would Senior Solutions offer me?
Many people base their ‘buying’ decisions solely on interest rate, without realising that they may be placing themselves at undue risk. Sure, interest rates are one factor, but they should be taken into consideration along with a number of other factors including Loan Repayment (or No Negative Equity) Guarantees, Interest Rate Margin Caps, and Establishment Fees (among other things). Appropriate pre-application advice is, we believe, a particularly important issue, and one that we have been commended on.
Our clients have appreciated our no-pressure, no-obligation approach, and that we have honoured our commitment to them. Read some of our Testimonials.
What will Senior Solutions’ services cost me?
We are able to offer our services for FREE, as we receive our income by way of a commission from the Reverse Mortgage lender with whom the loan is placed (this is how Mortgage Brokers operate). We do not charge for advice that does not lead to a loan application (it’s all part of the service).
Free, no-obligation advice
Friendly, no-pressure approach
Experienced (25 years financial services experience)
Access to all major reverse mortgage products
Reverse Mortgages:
- Allow you to access equity in your home
- Require no regular repayments
- Can be used to refinance existing debt
