07 Mar, 2019
A specialist funding provider has announced a new loan product that will tap previously inaccessible home equity to help older Australians to “live well at home.”
The loan, offered by Household Capital, transfers value from the customer’s home into their superannuation fund or investment account. The funds are then free for discretionary use.
“Retirees want to stay at home, but many are struggling to make ends meet as they age,” said Joshua Funder, CEO of Household Capital.