Informational Resources

A reverse mortgage can be quite confusing particularly

for a first-time applicant or if you feel you have a particular personal

need. The resources across the site are here for you to ensure that you

are well-informed about all aspects of Reverse Mortgages and

especially those that affect you.

Articles

Pension and Aged Care

Retired with Debts

Can you assist your children with their home loan?

Things to consider with a reverse mortgage

Your Loan Options

Downsizing for Seniors

The Revised Pension Loans Scheme compared to a conventional reverse mortgage

Reverse Mortgages and Gifting

>> MORE

Videos

OVERVIEW

The processes and protections in a reverse mortgage.

FUTURE NEEDS

in Reverse Mortgage Applications.

Check your Eligibility

Find out
if you qualify for a reverse mortgage

START HERE

Some of the questions people ask …

Do I still retain the ownership of my home?

Yes, your name remains on title, like any other traditional mortgage. The lender is simply registered as having an interest like your conventional mortgage loan.

What is the acceptable age of the youngest borrower?

60 years, however, some lenders require the youngest borrower to be 70 years of age.

Are the borrowers protected under the National Consumer Credit Protection Act?

Yes, the law has been amended to include senior’s equity release loans under the National Consumer Credit Protection Act.

Read more at our main FAQs page

Reverse Mortgage Solutions

Mary and John had elected to retire early when John was made redundant at aged 62. They had $42,000 owing on their home and their mortgage repayments were only $56.00 per week. John had $58,000 in his super account that they rolled into an allocated pension.

After 4 years of retirement, their car needed replacement and they were finding life difficult. They had been considering selling their home of 12 years and downsizing to a smaller house or unit. They did NOT want to move from their suburb and were concerned at the $15,000 odd costs of changing their home.

Read more about how they were able to maintain their lifestyle, without sacrificing any assets!

or visit our Client stories page for more solutions offered by a Reverse Mortgage