Reserve Mortgage
A reverse mortgage is a type of equity release product (ERP) that essentially allows older Australians to borrow money by using the equity in their home as security for the loan. You can choose to receive the loan as either a lump sum, a regular income stream, a line of credit, or as a combination of any of these options.
Unlike a regular mortgage, you don’t have to repay a reverse mortgage until all borrowers on the loan either sell the house, move into aged care, or unfortunately die. However, many lenders may allow you to make voluntary repayments if you want to. You must repay the loan in full, including interest and fees.
Reverse mortgages can help older Australians with their short-term or immediate financial needs. Its important to weigh your option before you opt for it.
Associated Banks
Other Services
Owner-occupier home loan and/or First Home Buyers
Our experience will explore First Home Owners Grants (FHOG), potential stamp duty exemptions, limited equity and Family Pledge assistance products.
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Investment home loan
An investment home loan is a home loan for people looking to buy a property with the intention of renting it out and profiting through a rise in the property’s value.
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Refinance Home loan
If you’re one of many that feel like they’re getting a basic deal on your home loan, you have the power as a borrower to do something about it.
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Guarantor Home loan
A guarantor home loan allows a close relative (typically a parent) to use the equity in their home as security for part or all of your mortgage.
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Low doc home loan
It is a home loan available to those that don’t have the correct proof of income documents available at the time or can’t get them at all (Low documentation)
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Construction Loan
A construction loan is a loan designed to assist funding of a new home’s construction. Getting a loan for a home that doesn’t exist yet is a bit trickier
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Bridging Loan
Sometimes, you find your dream home and you want to secure it before someone else swoops in – but you don’t have the funds to purchase it because the money hasnt settled on your old home.
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Line of credit Loan
A line of credit loan might be a suitable choice for borrowers looking to access some of their built-up equity to satisfy short or long-term financial needs.
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