Frequently Asked Questions

Below you will find answers to the questions we hear most. If you can’t find what you’re looking for here or elsewhere on our website, please contact us and we’ll be happy to help you.

GENERAL QUESTIONS

What is Smooth Retirement?
What are the benefits of Smooth Retirement?
How much will it cost me?
What do I get for my fees and annual subscription?
Is Smooth Retirement safe?
Will Smooth Retirement affect my Age Pension?

ABOUT REVERSE MORTGAGES

What is a reverse mortgage?
How do I know if I’m eligible for a reverse mortgage?
What is the difference between a reverse mortgage and equity release?
Are there additional establishment fees or costs with a reverse mortgage?
What if I change my mind about my reverse mortgage and decide to sell my home?
What is the No Negative Equity Guarantee?
What does compound interest on a reverse mortgage mean?
Can’t you end up owing more than your house is worth with a reverse mortgage?
Don’t you risk losing your home with a reverse mortgage?
Can you be removed from your home by a reverse mortgage lender?
Can your home be sold against your will with a reverse mortgage?
Aren’t reverse mortgages a bad idea?
Don’t ASIC warn people about reverse mortgages?
Don’t reverse mortgages eat up all your kids’ inheritance?
Don’t reverse mortgages just prey on vulnerable old people?
Isn’t it better to just sell up and downsize?

*Terms and conditions apply and you will have responsibilities that you are required to meet under the contract.

ABOUT EQUITY RELEASES

What is equity release?
Are there additional fees or costs with equity release?
What is home reversion?
What is a fractional property transaction?
Can you lose your home with an equity release product?
You can be forcibly removed from your house by an equity release provider?
Isn’t equity release just another type of loan and growing debt?
Won’t I have to make repayments on the money I get from equity release?

*Terms and conditions apply and you will have responsibilities that you are required to meet under the contract.

We can help you maximise your retirement income