Reverse Mortgages

These loans are most suitable for retirees aged more than 60, who own their home, but are looking to release cash.

Unlike a traditional mortgage, there are no periodic repayments required, but there are interest charges that are accumulated against the outstanding loan balance.

The loan generally doesn't have to be repaid until the property is sold or the owner dies.

The maximum that can be borrowed depends on the age of the youngest owner - older people can borrow more.

Accommodation Bonds are also available

All enqiuires are completely confidential as governed by the Privacy Act and other State and Federal Acts