Age shall not worry them: banks are reviewing their policies on age restrictions and mortgages

Article Abstract:

Most Australian lenders are now willing to make funds available to older people, recognizing that they have to be more flexible if they are to gain new business. There may even be a revival of reverse mortgages, which allow older home owners to convert part of the value of their house into cash.

Aged, Elderly, Finance

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Virtual practicality: online e-accounts now offer more convenient access to go with above-market rates of return, writes Effie Zahos

Article Abstract:

Online savings accounts generally have higher interest rates for excellent returns, although access to the accounts is limited. Services from AMP Banking, HSBC, ING Direct, Melbourne Credit Union, Members Aust Savings and St. George Bank are discussed.

Commercial Banking, Savings Institutions, Savings Account Services, Statistical Data Included, Illustration, Savings accounts, St. George Bank Ltd., AMP Bank, HSBC Australia, ING DIRECT

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Family values: parents can go guarantor for cash-strapped offspring wanting to climb the property tree

Article Abstract:

Banks are accepting parents as guarantors for offering home loans to cash-strapped offspring interested in purchasing property. These home loans have various options but place the parents in a dilemma, as they have to choose between their retirement plans or accept the liability for their child's debt.

Commercial Banks, Legal issues & crime, Government regulation (cont), Government regulation, Services information, Legal/Government Regulation, Laws, regulations and rules, Home equity loans, Federal home loan banks, Service enhancement

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