A reverse mortgage allows homeowners aged 60 and over to unlock the equity in their property, providing access to funds for retirement, medical expenses, or other needs, without selling their home.
Unlike traditional loans, reverse mortgages don’t require regular repayments. The loan balance, including interest, is repaid when the homeowner sells the property or moves into aged care.
Funds can be received as a lump sum, a regular income stream, a line of credit, or a combination, offering flexibility to suit individual financial needs.
Homeowners retain ownership of their property throughout the loan term, with protections in place to ensure they cannot owe more than the value of their home when it’s sold.
Reverse Mortgages
A reverse mortgage helps Australians aged 60+ access their home equity while staying in their property. It’s ideal for supplementing retirement income, covering expenses, or funding improvements. Funds are available as a lump sum, income stream, or line of credit, with no repayments required until the home is sold or the owner moves into care. With safeguards like a no-negative-equity guarantee, it offers financial freedom and peace of mind.
- Working in your best interest
- Understanding your long term plans
- Help guiding you through the process
- Working with you from first chat