Borrow from the value of your home and live better
A reverse mortgage is a loan designed specifically for people aged 60 and above who own, or mostly own, their homes.
Reverse mortgage loans allow seniors to access some of the value they have accumulated in their home now so they can live better without the need to sell.
Unlike like other loans, there are no mortgage repayments required (although you can make payments if you choose). Instead the loan is paid out when the house is sold at some stage in the future, usually when downsizing or moving into aged care.
Aside from age, other eligibility requirements do apply and how much you can borrow will depend on your house valuation and how much equity you have.
Our team can talk you through everything you need to know including current reverse mortgage interest rates, how the loans work, the different reverse mortgage lenders and which loan will work best for you.