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Are Centrelink and Veteran Affairs payments affected by Reverse Mortgages?

April 26, 2017affairs affected centrelink mortgages PAYMENTS reverse veteran

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Are Centrelink and Veteran Affairs payments affected by Reverse Mortgages?

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Yes, they can be, so it is very important to seek advice from the appropriate Government departments. Much depends on your current level of benefits, the amount borrowed and how the funds are used. Following a planned strategy will help to reduce any impact on your pension payments.