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Seniors Finance Australia - Reverse Mortgage or Seniors Home Equity Release Loan is a “lifetime loan" for people 60 years and over against the equity in your home, holiday home or investment property Australia wide.
It is your “lifetime loan” that allows you to borrow against the equity or asset value in your property for any purpose that you wish .
It does not require any repayments on the life of the loan but you can make voluntary repayments if you wish to do this.
This seniors loan does not have to be repaid until you choose to sell your home or the last surviving borrower passes away.
The Title of the home will stay in your name.
You can receive your money in a variety of ways - as a Lump Sum or monthly payments direct to your bank account, or have a "cash reserve" limit and draw down as you need the money, or a combination of your options to suit your situation. It is your choice.
If you have a current mortgage or loan on the property this will be paid out for you. You can use your money anyway you wish – additional income to enjoy yourself, home repairs, health care, holidays, to help your family, to buy a new car or pay out existing debts, mortgage, loans or credit cards - your choice.
The amount you receive will depend on the value on your property and the age of the youngest borrower. The older you are the more you can receive.
If you feel that this “lifetime loan” could suit you or assist you with a better retirement life style please fill out your details below and a Brochure will be sent to you – if you require further information please call 1300 881 807 or email to – lifetimeloan@seniorsfinanceaustralia.com.au |
