William is an 84 year old male, sadly, he is recently widowed. William still lives in the marital home which he lovingly shared with his wife for over 35 years. Over recent months William has accrued mounting debts, comprising of the outstanding medical expenses for the care of his wife, and the subsequent funeral costs. Living on a pension he finds it hard to meet all the monthly repayments.

William wants to remain in the comfort and familiarity of his home, William would like access to enough funds to relieve him of all his debts; and supplement his income.

William sought the advice of a Centrelink officer who assured him of no impact on his pension entitlements, and recommended he speak with a financial advisor.

Having consulted a local financial advisor, William decided that an Reverse Equity Loan from AFE was the best solution. It allowed him to access up to 42.5% LVR, and offered him certainty for the future with a fixed rate of interest for the life of the loan.

20% of the loan amount was used to repay outstanding medical expenses, relieving him of worry, 80% was used to supplement his income, giving him financial freedom.

All possible with thanks to AFE and Reverse Equity Loans.