Reverse Mortgage Home Loan

• Competitive Fixed & Variable Interest Rates

• For personal purposes only.
• Use the equity you have built in your home over the years to do a whole range of things - help the grandkids with their uni fees, renovate the house, buy a better car, take a holiday, or ease a bit of the worry of your present day-to-day living.

• The total amount you can borrow is based on your age and the value of the security property
• You will never owe more than the value of your property so long as you comply with the terms of your loan.
• You can choose to protect up to 25% of the equity in your home.

• No retirement villages/resorts or transportable homes. Some postcode restrictions apply.

• $10,000

• No maximum loan amount but a variation to the standard loan terms will apply for properties over $1m)
• The amount you can borrow is dependent upon your age and the value of your property.

• Receive your money in a single lump sum
• Fixed interest rate over 5, 10, 15, 20 years or Lifetime
• Variable interest rate

• Receive your money in monthly instalments
• Variable interest rate over 5, 10, 15 or 20 years
• Equal payments or 2.5% annual increase

• You choose when, and how much, you want to draw from your loan at any one time
• Combination fixed and variable rate options
• Combination lump sum, monthly income or flexible draw drown

$300 if property value is less than $1m; $550 for property valued between $1m and $2m; fees determined on application for property valued over $2m

Payable directly to your own solicitor at a cost agreed between you and your solicitor

Payable at standard State rates

$600 (non refundable)

No ongoing fees applicable