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Nick Bruining: Home Equity Access Scheme offers up to 150pc of the age pension at a massive interest discount

Pelican Press

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Nick Bruining: Home Equity Access Scheme offers up to 150pc of the age pension at a massive interest discount

For the many seniors who are asset-rich but cash-poor, the deal offered by the Federal Government’s Home Equity Access Scheme is well worth a look.

It’s a reverse mortgage charging an interest rate that’s less than half the cost of most commercial deals.



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