A little odd that normal banks do not engage in this sector of lending due to possible 'reputation' issues in case they 'get things wrong'. So how does HLI deal with those perceived issues or simply are not worried such issues may arise??
In any event, due to cost of living issues, it is an option that older people increasingly are considering to unlock some funding - good for HLI but people getting these types of mortgages should consider all downside risks. However, in the end, it may be a case of 'you can't take it with you', thus they may as well enjoy some over the years hard earned spoils. Of course, the government would love more of this too, as it may save on pension payments. AIMO
Reverse mortgages a plus for HLI, page-2
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Last
$3.86 |
Change
0.050(1.31%) |
Mkt cap ! $1.118B | |||
| Open | High | Low | Value | Volume |
| $3.85 | $3.86 | $3.79 | $2.238M | 584.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2868 | $3.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.86 | 8921 | 4 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| HLI (ASX) Chart |