Find out how much tax-free cash you may qualify for
Get a FREE NO OBLIGATION PERSONALIZED EVALUATION with expert advisors to guide you through the process.
Explain all options and potential costs in easy understandable terms.
Receive a full explanation of a Reverse Mortgage and the possible effects it could have on your estate and entitlement to means-tested benefits.
Benefits:
Fund lifetime ambitions with tax-free cash.
Retain 100% ownership of your property and benefit from any future home price appreciation.
Zero monthly repayments.
A reverse mortgage doesn’t need to be repaid as long as you live in the home.
Receive the money in one lump sum, as a
pre-arranged monthly income or a combination of both.
You may be able to access up to 55% of the appraised value of your home’s equity.
Things to Consider
The amount of loan that you get varies depending on your age, the house value and the location of your home.
If you choose to repay the mortgage in the first five years, you may have to pay an early repayment charge.
Your property must have an appraised value of at least $250,000.
Debt can grow quickly and this may also affect the inheritance you want to pass on.
Changing your mind after completion of a reverse mortgage offer may result in having to pay early repayment charges which can be expensive, although they will not be applicable if you die or move in to long-term care.
Our trusted service will help you:
The Quote Hound
Reverse Mortgage
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