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  1. #11851
    Legend minimoke's Avatar
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    Quote Originally Posted by Marilyn Munroe View Post
    Below is a link to a web page about reverse mortgages. It is from an American perspective and dating back to just before the global financial crises. It is well written and recommended reading for those who want to know what a reverse mortgage is.

    https://www.calculatedriskblog.com/2...rditorial.html

    Boop boop de do
    Marilyn
    Or youi could just read about it on teh HGH website "
    What is a reverse mortgage?
    A reverse mortgage is like a normal home loan that has been designed for the needs of seniors. It allows people aged 60 and over to release home equity to live a more comfortable retirement.

    Importantly, you continue to own and live in your home for as long as you wish, continuing to enjoy the benefits of your community, social network, and family memories.

    How does it work?
    Unlike a standard mortgage, you don’t need to make regular repayments. Instead, interest is calculated on the balance outstanding, and added monthly to your loan. Voluntary repayments can be made at any time, which reduces the balance and interest charged.

    The total loan amount, including accumulated interest, is repayable when you move permanently from your home; this could occur when you sell your property, move into long-term care or pass away.

    To be eligible, you need to be aged 60 or over, own your own home outright, or have a standard mortgage that can be paid off by the reverse mortgage. The amount you can access depends on your age, and the value of your home.

    What about the costs?
    In addition to the interest on your loan, there will be fees and charges for setting up the loan, which are dependent on what options you select. These can be paid out of your loan at settlement. You can find out more about our fees and mortgage rates on the resources page.

    It is a requirement that you seek and receive independent legal advice on the loan agreement issued by Heartland from a solicitor of your choice. The cost for this could also be paid out of your loan."

  2. #11852
    An Awesome Cool Cat winner69's Avatar
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    Dairy prices rising and Heartland share price rising

    Farmers and Heartland shareholders happy

    The recent shareprice low of 132 will never be seen again

    Good news coming soon
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  3. #11853
    percy
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    Quote Originally Posted by winner69 View Post
    Dairy prices rising and Heartland share price rising

    Farmers and Heartland shareholders happy

    The recent shareprice low of 132 will never be seen again

    Good news coming soon
    Hard to believe the rise in dairy prices is also causing the Australian banks' share prices to rise too;ANZ,CBA,NAB and WBC.?
    Not a lot of people know that,and even fewer believe it.!..
    Last edited by percy; 16-01-2019 at 07:35 AM.

  4. #11854
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    Quote Originally Posted by percy View Post
    Hard to believe the rise in dairy prices is also causing the Australian banks' share prices to rise too;ANZ,CBA,NAB and WBC.?
    Not a lot of people know that,and even fewer believe it.!..
    So you saying that Heartland share price rises and falls in line with those dastardly Australia banks — it’s own shareprice nothing to do how good (or bad) Heartland is. Maybe Heartland is seen as evil as well.

    I believe that
    Last edited by winner69; 16-01-2019 at 08:25 AM.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  5. #11855
    percy
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    Quote Originally Posted by winner69 View Post
    So you saying that Heartland share price rises and falls in line with those dastardly Australia banks — it’s own shareprice nothing to do how good (or bad) Heartland is. Maybe Heartland is seen as evil as well.

    I believe that
    Yes,
    However you must remember it will change,because time is the friend of a good share and the enemy of a poor share.
    Had you read my previous posts on this thread, you would be well aware I have pointed out HGH do not face the same issues as the Australian Banks.
    Being tard with the same brush as the Australian Banks offers a window of opportunity for an astute investor who knows the difference.
    Last edited by percy; 16-01-2019 at 11:09 AM.

  6. #11856
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    In viewers opinion what is the buying range for Heartland? Is there a DCF?
    Last edited by Waiuta; 16-01-2019 at 11:57 AM.
    A quote attributed to Margaret Thatcher goes along the lines of
    "The problem with socialism is that eventually you run out of other people's money."

  7. #11857
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    Ive just seen this post from KW elsewhere. That last sentence is a bit spooky!!!!!

    From today's AFR

    "Bankwest and CBA have also started the new year by withdrawing reverse mortgages, the last of the major lenders to pull out of the $3.1 billion sector amid rising costs and tougher regulation.
    It will withdraw the product for new borrowers but continue for existing.
    Westpac Group, the nation's second largest lender, and Macquarie Bank, withdrew from the market about two years ago.
    A reverse mortgage borrower can take the funds from the equity in their house as a lump sum, regular income stream, cash reserve, or a combination of all three.
    CBA and Bankwest's decision to quit new lending means reverse mortgages are now only being offered by smaller lenders, such as Heartlands Seniors' Finance, IMB Bank and P&N Bank.

    The federal government is expected to enter the market with a low-cost reverse mortgage scheme that will provide an alternative to the private sector." !!!!!!!!!!!!!!!!

    Last edited by Joshuatree; 16-01-2019 at 07:00 PM.

  8. #11858
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    Quote Originally Posted by Joshuatree View Post
    Ive just seen this post from KW elsewhere. That last sentence is a bit spooky!!!!!

    The federal government is expected to enter the market with a low-cost reverse mortgage scheme that will provide an alternative to the private sector." !!!!!!!!!!!!!!!!


    Must be referring to the expansion of the pension loan scheme https://www.smh.com.au/money/borrowi...09-p4ze6z.html

  9. #11859
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    Quote Originally Posted by Joshuatree View Post
    Ive just seen this post from KW elsewhere. That last sentence is a bit spooky!!!!!

    From today's AFR

    "Bankwest and CBA have also started the new year by withdrawing reverse mortgages, the last of the major lenders to pull out of the $3.1 billion sector amid rising costs and tougher regulation.
    It will withdraw the product for new borrowers but continue for existing.
    Westpac Group, the nation's second largest lender, and Macquarie Bank, withdrew from the market about two years ago.
    A reverse mortgage borrower can take the funds from the equity in their house as a lump sum, regular income stream, cash reserve, or a combination of all three.
    CBA and Bankwest's decision to quit new lending means reverse mortgages are now only being offered by smaller lenders, such as Heartlands Seniors' Finance, IMB Bank and P&N Bank.

    The federal government is expected to enter the market with a low-cost reverse mortgage scheme that will provide an alternative to the private sector." !!!!!!!!!!!!!!!!

    No worries here JT

    Only limited top ups to pensions and to be taken in cash .....no lump sums that are the attraction of a proper HER scheme.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  10. #11860
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    Thanks w69; for some reason i missed percys response saying much the same.The plus is less competition!

  11. #11861
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    Less competition generally leads to more business at higher margins and they already have strong growth. Hmmmmm

  12. #11862
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    Quote Originally Posted by Beagle View Post
    Less competition generally leads to more business at higher margins and they already have strong growth. Hmmmmm
    Add in "increased demand" and it ought to be a rosy looking picture.

  13. #11863
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    Quote Originally Posted by minimoke View Post
    Add in "increased demand" and it ought to be a rosy looking picture.
    No question that this part of the business is looking very rosy and exciting. The growth requires a lot of cash. That borrowing and meeting the potential new RBNZ liquidity requirements will require very careful balance sheet management. Personally I think suspension of dividend should be one of the many options considered but realise this will not happen. But maybe they could raise the DRP discount a little more to entice us SH further to sign up for it !
    Last edited by iceman; 17-01-2019 at 11:16 AM.

  14. #11864
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    Quote Originally Posted by Beagle View Post
    Less competition generally leads to more business at higher margins and they already have strong growth. Hmmmmm
    Heartland already has a banking facility with cba bank for its reverse mortgage book so why not a little more and take cba reverse mortgages off their hands....over the years as cba has less repverse mortgages left the cost to administer these will In crease so why not on sell to heartland now

  15. #11865
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    Quote Originally Posted by ziggy415 View Post
    Heartland already has a banking facility with cba bank for its reverse mortgage book so why not a little more and take cba reverse mortgages off their hands....over the years as cba has less repverse mortgages left the cost to administer these will In crease so why not on sell to heartland now
    Smart option Ziggy

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