Why choose a Reverse Mortgage?
Take advantage of a variety of loan options including lump sum or regular advances (monthly, quarterly or annually for up to 10 years), or apply for a cash reserve in future, and regular loan repayments towards the amount are voluntary until the end of the loan.
No Negative Equity Guarantee means that you will never have to repay more than the net sale proceeds of the property, provided all loan conditions have been met. This applies even if the loan, plus the accrued charges, exceeds this amount.^
Work with people you trust. Your legal work will always be performed by the solicitor of your choice who will ensure that everything is fully explained and discussed with you.
Choose the Aged Care Option to fund a move into an aged care facility so that you don't have to sell your home to afford the aged care costs. It can be taken for a term of up to five years, and can be applied for under Power of Attorney.
Security may be taken over an investment property or holiday home. The maximum amount available on this property type is usually reduced by 10%.