Specialist retirement lender Household Capital has launched a new drawdown loan facility to provide Australian retirees with access to a regular income stream and a lump sum payment using the equity in their home. Unlike other schemes, including Centrelink’s Pension Loan Scheme (PLS) which provide regular income but no provision for lump sum payments, Australian […]
continue readingHousehold Capital, an independent, specialist retirement funding provider, has announced it will again reduce the interest rate on its Household Loan in line with the RBA’s rate cut. Household Capital now offers the lowest rate to older Australians needing to access their home equity to improve their retirement funding. Lowest rate Household Capital’s innovative approach […]
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05
Jul
2019
Household Capital, an independent, specialist retirement funding provider, yesterday welcomed the federal government’s revamped Pension Loans Scheme (PLS). Dr Joshua Funder, Household Capital’s Chief Executive Officer, commented: “Australian retirees need better funding solutions.” “The PLS revamp sees the government acknowledge the critical role home equity can play in long-term funding retirement.” Living longer means new […]
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02
Jul
2019
Researchers from UNSW Business School will investigate behavioural and other issues behind the low uptake of reverse mortgages in Australia. A reverse mortgage is a loan that enables homeowners to access their home equity; the homeowner can borrow without having to make repayments while living in the home. Home equity is typically the largest component […]
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12
Jun
2019
Australia is facing a major retirement funding challenge. We are living longer than ever, yet it’s becoming increasingly clear that many people don’t have enough superannuation to fund a comfortable retirement. Australia’s baby boomers are hitting retirement. Over the coming years, 5.5 million people born between 1946 and 1964 will retire; for many of those, […]
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25
Mar
2019
Household Capital, an independent, specialist retirement funding provider, has announced it has entered the Australian retirement sector with an innovative loan product that allows retirees to use equity in the family home to fund retirement expenses, enhance income or provide financial support to their children and other family members. Household Capital provides Australian home owners […]
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07
Mar
2019
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