Reverse Mortgage or Seniors Home Loan
A home loan that does not require you to meet monthly repayments so you can enjoy the pleasures of life. There are serveral options available with a variety of draw down methods so talk to us and find out which one best suits you.
Features and Benefits
Loan Purpose
• Owner Occupied Housing
• Refinance including debt consolidation
• Personal and investment purposes
Features
• Optional Weekly, fortnightly or monthly repayments
• Various methods of drawing upon funds
• Lump sum repayments are allowed
• Portability
Benefits
• Interest calculated daily and charged monthly
• Ability to repay lump sums
• No requirement to pay monthly installments
• Reduce current monthly payments within the Reverse mortgage
At a Glance
• Minimum – $10,000
• Maximum – dependant on age of youngest applicant
• Various methods to draw upon funds from lump sum, monthly draw downs and Line of Credit
• Lower/no ongoing fees
