Reverse Mortgages

Reverse Mortgages

A reverse mortgage is a loan product that lets you use the equity in your home to assist with funding your retirement. That assistance might be needed to modify your home, or to make a one-off payment such as a vehicle purchase. Or, it might be that you draw a little bit each month to just make your day to day experience that little bit more pleasant.

There are special rules that apply to reverse mortgages that help you better manage the loan and any associated risk. This is why reverse mortgages are unlike other types of loan that you might be used to. We can help you establish the loan and then use it to best suit your particular situation.

If you think a reverse mortgage would suit you, please get in touch. To us, there is nothing more rewarding than helping a valued client remain living in their own home and enjoying the independence that goes with that.

SHANE PLUMRIDGE

Director and Financial Planner

Shane has been running a thriving practice since 1998. Having cut his teeth with St George Bank, he initially set up as a mortgage broker, before adding financial planning in 2006. Shane combines these decades of experience with an Associate Diploma in Accounting and Diplomas in Financial Planning and Finance & Banking.

Shane works with clients, young and not so young, providing assistance with every aspect of their financial profile. On the mortgage broking side, Shane assists clients with all forms of lending, including residential property loans, investment property loans and lines of credit. Refinancing is a specialty, as is vehicle and equipment finance. Shane’s business owning clients love the attention to detail he brings to their business lending requirements.

On the financial planning side, wealth management and insurance are key interests, as is assisting young people establish their financial footholds with things like the first home. Many of these young clients are the adult children of older clients who have been with Shane for many years. Shane finds these ‘inter-generational’ referrals especially gratifying, honoured that his clients see him as the natural source of information and inspiration for their own children. Similarly, most of Shane’s ‘new’ clients are referred to him by very satisfied current clients.

Shane is also keenly interested in self managed superannuation, and many of his clients benefit enormously from his expertise in this area. He provides assistance at every stage of the SMSF journey, from establishing the fund, maintaining compliance, developing and implementing effective investment strategies including property investment, preparing and lodging tax returns and closing funds when they are no longer required.

On the personal side, Shane is actively involved in the local sporting community, especially cricket, AFL, soccer and netball.

Shane Plumridge is an authorised representative (305984) of Wealth Today Pty Ltd (AFSL 340289). Shane is also an authorised credit representative (376728) of Mortgage Wisdom Australia Pty Ltd (ACL 377272).

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