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Mortgage Calculator will inform sound decisions

June 7th, 2008 by admin

The introduction of a quick reverse mortgage calculator is an important step in assisting older people to assess the implication of taking out an equity loan says Social Development Ruth Dyson.

“Many older New Zealanders are sitting on valuable properties, with their main source of income being their NZ superannuation. Home Equity Conversion schemes allow older people to release some of the capital they have in their homes so that they can improve their lifestyle and age in the comfort of their own home,”said Ms Dyson. Read more
Courtesy: www.scoop.co.nz

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