Reverse Mortgages
About Our Reverse Mortgage
Our reverse mortgage services provide you with comprehensive assistance so that you can find the right fit for you and your home. We can provide everything from comprehensive advice to finding a reverse mortgage that meets your requirements. Let our team provide you with reliable reverse mortgage assistance so you can enjoy your retirement, not endure it.
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Understanding when to seek reverse mortgage lenders is the best way to start your journey into this type of financial assistance. Here are some of the quick facts you should know about a reverse mortgage:
- A reverse home mortgage is reserved for people over 55 years of age
- A reverse mortgage allows you to convert a portion of your home equity into a lump sum or regular income with no monthly mortgage payments.
- You retain ownership of your home when signing up for a reverse mortgage.
- All borrowers are protected under the National Consumer Credit Protection Act.
- You can get a reverse mortgage to pay off an existing mortgage & eliminate repayments.
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Why consider our seniors finance Reverse Mortgage assistance?
If you’re after a home equity release, the right assistance can make a tremendous difference. Our team has the necessary knowledge and experience to provide reliable advice so that you don’t have to brave endless headaches matching up offers and reading the fine print.
As reliable reverse mortgage brokers, we will help you find the perfect deals to get the most value from your home. As brokers we are obliged to act with Best Interest Duty under the National Consumer Credit Protection Act (NCCP). We are also always available to aid and answer any questions you might have about reverse mortgages.
Benefits of Our Reverse Mortgage Service
Reverse Mortgages NSW provides tailored solutions and immense advantages to help you leverage your home equity while ensuring peace of mind during retirement.
- Personalized Guidance: Our experienced reverse mortgage brokers offer tailored advice, helping you understand your options and choose the best solution for your financial needs.
- Access to Home Equity: Easily convert a portion of your home equity into cash, available as a lump sum or regular income, without the burden of monthly repayments.
- Retain Home Ownership: Enjoy the security of home ownership while accessing funds. You remain the owner, ensuring you can continue living in your home.
- Regulatory Protection: Our services comply with the National Consumer Credit Protection Act (NCCP), guaranteeing that the loan will never exceed the value of your home, and providing you with financial security.
Frequently Asked Questions
- What is a reverse mortgage, and who is eligible for it?
A reverse mortgage is a financial product designed for Australians aged 55 and over, allowing them to convert part of their home equity into cash without making monthly mortgage repayments. Eligible individuals retain ownership of their home while accessing its value, providing financial stability during retirement.
- How does a reverse mortgage differ from a traditional mortgage?
Unlike a traditional mortgage, where you make regular payments to a lender, a reverse mortgage allows you to receive payments from the lender, either as a lump sum or regular income. You do not need to make monthly repayments, and the loan is repaid when the last borrowers leaves the home permanently.
- Will I still own my home if I take out a reverse mortgage?
Yes, you will retain ownership of your home with a reverse mortgage. The lender does not take ownership of your property; instead, they hold a mortgage against it. The loan is typically repaid when the home is sold.
- How are reverse mortgages regulated in Australia?
Reverse mortgages in Australia are regulated under the National Consumer Credit Protection Act (NCCP). This legislation ensures that all borrowers are protected, and lenders, including brokers, are required to act in the borrower’s best interest, providing transparency and security throughout the process. Reverse Mortgages are the most heavily regulated financial loan product in Australia.
Why Choose Us
Over 20 Years experience
helping senior Australians
with finance
We are zero cost
to clients as we are
paid by lenders
You don’t get charged
extra by lenders because
you work with us
We help you
navigate pension rules
to ensure you know if your plan
will impact your pension
Finance-related
degrees held by staff
We try and visit clients
at their homes as often
as possible
We know all the
seniors finance products
so clients will get the best product
available for their needs
Reverse Mortgages NSW
Your Trusted Reverse Mortgage Lenders
We will deliver a tailored reverse mortgage solution to comfortably finance your
retirement living and personal objectives.
We will ensure you get the most suited reverse mortgage solution from
trusted reverse mortgage lenders in NSW, meeting your unique
situation every time.
