Reverse Mortgages
Reverse Mortgages
Stay in the home you love, with cash when you need it.
A reverse mortgage lets you access some of the equity built up in your home without having to sell or move. You keep living where you are, and the loan is typically repaid when you sell, move into care, or pass away.
Sound Familiar?
Plenty of equity in your home, but not much spare cash in the bank.
You want to stay in your own home, not downsize or move into care.
There's a renovation, medical cost, or bit of breathing room you'd like to fund.
You want to understand the trade-offs properly before you commit to anything.
BUILT-IN PROTECTIONS
A loan with guardrails.
A reverse mortgage is a big decision, and the rules around them exist to protect you. Before you borrow a cent, it’s worth understanding what’s working in your favour. Here’s what keeps you safe, and what we’ll make sure you understand before anything is signed.
You keep your home.
You stay the owner and keep living in your home. The loan is only repaid when you sell, move into care, or pass away.
You'll never owe more than your home is worth.
Regulated reverse mortgages carry a no negative equity guarantee, so you can never pass on debt above the value of your home.
You stay in control.
Take the money as a lump sum, regular payments, or a line of credit. You decide how much, and you can stop any time.
You get honest advice first.
A reverse mortgage isn't right for everyone. We walk you through the trade-offs, including the effect on your estate and any pension, before anything is signed.
What happens next.
A relaxed conversation
Tell us what you're hoping to do and what matters to you. No pressure, no jargon, and no paperwork in the first chat. Bring family along if you'd like.
We weigh it up together
We show you the real numbers, how the loan grows over time, and how it affects your estate and any pension. If a reverse mortgage isn't right for you, we'll say so.
We handle the rest
If you decide to go ahead, we match you with the right lender, manage the application, and stay alongside you through to settlement.
FAQS
The things buyers ask.
A reverse mortgage lets you borrow against the equity in your home without having to sell or move out. You can take the money as a lump sum, regular payments, a line of credit, or a combination.
Unlike a regular home loan, you don't have to make repayments while you live in the home. The loan, plus interest, is usually repaid when you sell, move into aged care, or pass away.
Because no repayments are being made, the interest compounds and the loan balance grows over time, which reduces the equity left in your home.
Reverse mortgages are designed for older homeowners, and most lenders set a minimum age of around 60.
How much you can borrow generally depends on your age and the value of your home. The older you are, the larger the percentage of your home's value you can typically access.
Each lender has its own criteria, so it's worth talking through your situation to see what you'd actually qualify for.
Yes. With a reverse mortgage you remain the owner of your home and can keep living in it.
The lender registers a mortgage over the property as security, the same as any home loan, but you keep the title and the right to stay in your home.
Regulated reverse mortgages in Australia come with a "no negative equity guarantee." This means you can never owe more than the value of your home when it's sold, provided you've met the terms of the loan.
So even if the loan balance grows over time, neither you nor your estate can be left with debt above what the home sells for.
Releasing equity can affect your Age Pension or other Centrelink entitlements depending on how you use the money, so it's important to understand this before you proceed.
Because the loan reduces the equity in your home over time, it also affects how much is left to pass on to your family. We'd always encourage you to involve your family and, where needed, get independent legal or financial advice.
We'll walk you through all of this clearly before anything is signed.
NOT SURE WHICH ONE FITS?
Let’s have a chat.
Most people don’t know exactly what they need until they’ve talked it through. Start with a free conversation. We’ll work it out together, and tell you straight what suits.