Tim Stoyles is an Authorised Representative of O & M Financial Services Pty Ltd, Corporate Authorised Representative of Millennium 3 Financial Services Pty Ltd: AFSL NO: 244252
Our qualified advisers are trained to take reverse mortgage applicants through a process to ensure that this product is best suited to their needs.
Our advisers are not reverse mortgage salesmen, but are trained in knowing how this product can be used to benefit you the most or whether alternatives are available to reduce the amounts of the reverse mortgage or your reliance on this product.
A reverse mortgage has advantages and disadvantages that we will explain to you to ensure you realise the effect that compound interest on debt can have on the equity in your home.
For a more detailed look at the risks and disadvantages of a reverse mortgage click on the link to the ASIC website