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Are you looking for away to fund an accommodation Bond ?
look no further than your property
Accommodation Bonds – what are they ?
When our family is faced with a situation to have to move from their home into residential care or nursing care it is one of the hardest decision that they or their family have to make.
The reason for moving will be varied and sometimes has to be made quickly but the decision to move from the family home is stressful and cannot be taken lightly. Emotions run high because of the physical relocation, loss of independence and often the memories associated with the home.
The family may find it difficult to fund an accommodation bond and increasing number of seniors have now discovered that they can access an accommodation bond through the equity or asset value that they have accumulated over the years still held in their home, this way they can meet their financial obligation for an accommodation bond and still keep the family home.
It can work in “real life” this way - if you answer ‘yes’ to any of the following then it may be the option that you or your family should consider –
- Would you like the option of moving back home if the residential care setting is not to your liking ?
- Do you think the value of your family home will continue to increase ?
- Do you think that it is a poor time to be selling residential property?
- Would you like your family or heirs to inherit your family home ?
- Would you like to have sometime to think about the best decision to make in respect of your family home ?
- Does your spouse or other family member wish to reside in the family home, yet the only way you can pay for the accommodation bond is to sell the family home ?
- Do you have sufficient funds to pay for an accommodation bond without having to sell the family home ?
- Would you like to have control over the outcome of your family home when you have had time to think and be comfortable with your decision ?
- You are over 60 years of age ?
Benefits of an Accommodation Bond –
- You can use the money for any type of accommodation bond you like
Ownership of the home –
- The Title of your home stays in your name
- You are not required to live in the home
No repayments are required –
- No repayments are required to be made during the life of the loan
- The loan is only repaid when you decide to sell the home yourself or the last surviving borrower passes away
No Income requirements –
- You do not have to provide any income requirements
Apply now for further information - or call 1300 881 807
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