(16/09/2022)
Reverse Mortgage NSW: Loan Scenario of the Week
Mr S (Age 69) and Mrs S (Age 68) live on their 5 acre property in Windsor. They wish to get a reverse mortgage to pay out their mortgage of $440,000, do property maintenance, and have a cash reserve for one off large expenses. Their property is valued at 2.8million dollars which means with the lender we best deem appropriate they have a borrowing capacity of $644,000. They have decided to take this full facility this will pay out their mortgage and leave them with a cash reserve of $204,000.00. With no children to leave their estate to and their only beneficiaries being distant relatives, the clients see this as a way for them to enjoy their hard work.
Reverse Mortgages NSW: Loan Scenario of the Week (23/09/22)
Learn the facts about Reverse Mortgages
Other blog posts
-
Reverse Mortgage vs Home Equity Access Scheme: What’s Better in 2026?
As more Australians enter retirement with valuable property but limited cash flow, the need to access home equity has grown significantly. In 2026, two of the most popular options are: Reverse mortgages (private lenders) The Home Equity Access Scheme (HEAS) (Australian Government) Both allow you to unlock the value in...... -
Energy Rebates for Australian Seniors in 2025–26
With rising energy costs across Australia, many seniors are looking for ways to manage household expenses more effectively. In response, both federal and state governments—particularly in NSW—are offering a range of support measures designed to reduce energy bills. The energy rebates for Australian seniors in 2025–26 are an important form...... -
Comparing Reverse Mortgage Providers and Products in Australia (2026)
Reverse mortgages are becoming an increasingly popular option for older Australians who want to unlock the value of their homes without selling. As property values increase and retirement funding needs evolve, many homeowners are exploring reverse mortgage finance solutions to supplement income or fund lifestyle expenses....
