Business Day
A home can be far more than a roof over one's head

Bryan Hirsch, a respected and well-known financial planner, writes about the benefits and pit-falls of home equity release products.

Click here to read more. Source: Business Day, July 2009.

Plus 50 Magazine
What do rising interest rates mean for home equity release borrowers?

"... Over the past few years we have lived through a cycle of increasing interest rates, and it remains uncertain when this trend will be halted, let alone be reversed. The purposes of this article is to explore the consequences of rising interest rates for people who have taken out home equity release loans

Nic Craig, Managing Director of Seniors' Finance, South Africa's first home equity release loan provider, gave us his views on this topical question. Craig says that, generally speaking, rising interest rates mean that the interest component of the debt that will ultimately be repaid by the borrower is higher than it would have been before such increases. While his response is obvious, Craig believes that the ultimate impact differs according to whether the borrower has a home equity release loan or a more conventional form of debt..."

Click here to read more. Source: Plus 50 Magazine, May/June 2008.

Geld Rapport
Wie sien om na die verbruiker se belange?

"... In die vorige uitgawe van Geld Rapport is lesers vertroud gemaak met ons uitsluitlike huiswaardelenings, oftewel truverbande, bekend as SF HELP. Die publiek se reaksie was bemoedigeng, maar daar kan dalk probleme wees. Truverbande verskil van ander lenings in die sin dat daar geen maandelikse terugbetaling op die kapitaal of die rente gedoen hoef te word nie..."

Druk hierso om meer te less. Oorsprong: Geld Rapport, 20 April 2008.

Geld Rapport
Lening sonder maandelikse terugbetalings

"... Jan en alleman werk gewoonlik so - wat veertig jaar lank en tree dan in sy sestigerjare af. Die meeste mense hoop hul aftrede sal lonend en ontspanne wees. Dit is 'n neerdrukkende vooruitsig dat 'n mens dalk te min geld gaan he om jou aftreetyd van twintig jaar of langer behoorlik te kan geniet. Die lenings is uniek omdat geen maandelikse terugbetaling op die geleende bedrag of die rente daarop gehef word nie. Die lening en die opgeloopte rente kan terugbetaal word na die afsterwe van die lener..."

Druk hierso om meer te less. Oorsprong: Geld Rapport, 24 Februarie 2008.

Business Day
Golden days

"... Nowhere to turn for retirement income? Seniors' Finance, a home equity release loan provider, might be an option for you if you are retired and own your own home. It allows you to borrow (more than once, if you meet the criteria) against the value of your home, and you can continue to live in the property for the rest of your life without instalments. If that sounds too good to be true, it's because it might be. Nic Craig, MD of Seniors' Finance, says "It's all very well and good to criticise the product or admonish retirees for getting into a situation where they need a home equity release loan. But the reality is that there are people in difficulty and we will try to assist them. And loans are limited to 40% of the property's value." ..."

Click here to read more. Source: Business Day, 8 February 2008.

Plus 50 Magazine
What did you do with your home today?

"... It might sound a silly question but, seriously, what did you do with your home today? Some people will say that they tended the garden, others that they read a book on the patio, while others worked on a hobby in a spare room at home. These are fairly conventional responses, so let's ask the question differently, 'What unusual things did you do with your home today?' Nic Craig, Managing Director of Seniors' Finance, says that since Seniors' Finance launched South Africa's first home equity release loan, called SF HELP, senior citizens have started to use their homes to do more unconventional things, from meeting needs in retirement to fulfilling their retirement dreams..."

Click here to read more. Source: Plus 50 Magazine, January/February 2008.

Tenerife News
Making life easier in retirement

"... Most of us could do with raising extra cash from time to time, but once you're retired and no longer receiving a salary the options to do so become much more limited. The Seniors Money Lifetime loan is designed to last for the rest of your life. It will usually only be repaid when you move out of your home permanently or when you pass away. No interest or monthly repayments are required. Today Seniors Money operates in New Zealand, Australia, Ireland, South Africa, Canada and Spain..."

Click here to read more. Source: Tenerife News, January 2008.

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