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Greenway Equity Mortgage - help family

Help your family with a GEM

Access home equity to help family
 
Meet Sue & Richard
Sue & Richard have paid off their home and have set aside enough money for their retirement years. Their kids have grown up and now have families of their own. But Sue & Richard want to help them buy homes nearby. They also want to set up an education fund for their grandchildren.

Their financial situation
They own their $1,000,000 home outright and have significant assets including some super.  They want to help their family now by using their home equity. They don’t want to take out a reverse mortgage because of the worry about compounding interest.

Flexibility & choice
With a GEM Equity Loan they can access some home equity and give it to their children now as a ‘living inheritance’. They give some money to their children to help them pay off some of their mortgage and build their small business.




Greenway Equity  Mortgage - no monthly repayments
Sue & Richard can access their home equity and give this to their children
to help financially, when they need it most
They also invest some money in a managed fund, which can be used in the future as an education fund for their grandchildren.

This case study is an example of how a GEM Equity Loan could be used. It is hypothetical and not based on real people. It is provided as general information and does not take into account your personal circumstances. It is intended as a summary of the Greenway Equity Mortgage (GEM) Equity Loan product proposed by Greenway Capital Limited ACN 110 870 061. No actual mortgage product is being offered by Greenway at this time.

     
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© 2007 Greenway Capital Limited ABN 88 110 870 061. Greenway Capital Nominees Ltd ABN 47 111 975 181, Australian Financial Services Licence Number 285498. Greenway Capital Nominees Limited is a wholly owned subsidiary of Greenway Capital Limited.