Household Capital is one of Australia's Retirement income providers, currently hosting the lowest interest rate. Our Household Loan™ allows retirees to access some of the hard-earned equity that bought their home, so they can use it to fund their retirement and live the lifestyle they want, all while still living in the home they own.
We understand that taking out a Household Loan which is similar to a Reverse Mortgage can be a stressful and uncertain time, so our retirement specialists are here to dispel any uncertainty and help tailor the loan to best suit your retirement needs.
We aim to help you Live Well At Home.
Watch some of our videos to meet our retirement specialists and hear about the retirees we've already helped.
To learn more visit bit.ly/3pOmTsd or call us on 1300 814 211
Each month the interest is taxed than added to the principal, it will take about 10 years to double if the interest rate is 7 percent and tax on the interest is 28 percent
Own your home for 10+ yesrs, as principal (main) place of residence, not an investment property. You vould make up to a $300 k downsizing payment to super, EACH, no age limits, exempt from other contribution restrictions. Turn it into an income stream, or withdrawal capital from super.
I read Making Money Made Simple when I was 19 ..I am now nearly 55 and I have paid off 3 houses and have a very decent self managed super fund ...Noel is a wealth of knowledge.I also used to read his money section in the Sydney Morning Herald every Wednesday and collect them this was in the 90's..I have a lot to thank Noel for as he instilled the mind set in me needed to be financially independent.Very good podcast thank you
I'd like to know how you reach $150,000 in change over costs on the average house when you sell it as Noel eluded to? Also the current interest rates on reverse mortgages are too high. There are some horror stories. Debt is reverse compounding of your money. I believe the more cost effective way of receiving needed additional retirement funds if you are a pensioner is to take out the Governments allowable increase up to 50% of your age pension income at low interest rates and have your beneficiaries pay that back off the sale price of your house when you die.
@@tonyf7997 I would disagree with your comment about the host - I found her very engaging and knowledgeable . She also had a good sense of humour to bring the best out in Noel.
This video is very informative and well worth the time to view it, so thankyou. i do have a couple of questions; does payments from a revrese mortgage affect state age pension? If needed, can you borrow from the federal government's Pension Loan Scheme AND a Reverse Mortgage company?
Hi Jon, we are glad you found this video useful. To answer your questions: Firstly, an income stream drawn from your home generally won't affect your pension although a lump sum can impact the assets test if it's held for a period of time. We always recommend chatting to Centrelink about your specific circumstances. Secondly, you aren't able to have a Pension Loans Scheme and reverse mortgage run concurrently; each provider, whether the government or a private company, requires a first mortgage over your home. If you would like to learn more visit householdcapital.com.au or call us on 1300 814 211
@@householdcapital2483 Thanks for the response. It seems as though some careful thought needs to be given as to which scheme is the most appropriate to someone's needs before committing to one or the other.
Thank you very much for this session. It has provided me with some hope that I can have a good retirement rather than the dread I have been thinking it will be.
