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Beware of any impact on Centrelink payments

If you are eligible for social security benefits such as the age pension, discuss your intention to take out a reverse mortgage with Centrelink to see how it affects your benefit. As a rule of thumb, borrowers can draw down up to $40,000 without affecting their pension under the Assets Test. But this amount may reduce the pension if it is not spent within 90 days.



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eMoney Pro Pack 75 (loans below 75% LVR. Contact us for loans above this LVR) 6.08  
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