If you’re aged 60 or over and looking for a way to boost your retirement income, a reverse mortgage could offer a smart, flexible solution. Without needing to sell your home or make regular repayments, a reverse mortgage lets you access the equity you’ve built up over the years to fund the retirement lifestyle you deserve.
Our reverse mortgage specialists will help you explore whether this option aligns with your goals – offering clear, personalised guidance every step of the way.
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A reverse mortgage is a type of loan available to Australians aged 60+, allowing you to borrow money against the value of your home. Unlike a traditional loan, there are no ongoing repayments required. Instead, the loan is repaid when the home is sold – typically when you move into aged care or pass away.
You remain the full legal owner of your home and can choose how you receive the funds: as a lump sum, regular income stream, line of credit, or a combination.
You can use a reverse mortgage to:
Supplement your superannuation or retirement income
Pay for in-home care or medical expenses
Renovate or modify your home to support your needs in retirement
Consolidate debt and relieve financial pressure
Assist children or grandchildren financially
It’s important to understand a reverse mortgage may not be for everyone and there are other funding options that could be more suitable for you. Your Green Team finance consultant will help you work through your eligibility and suitability for a reverse mortgage.
Green Team specialist finance brokers are award-winning ex-bankers with unrivalled combined experience in the banking and finance industry. Our aim is to help you navigate reverse mortgage options, guiding you through the process of application, removing any confusion and keeping you safe. We compare a wide range of lenders and work closely with you to structure a loan that aligns with your goals for an enhanced financial future.
We’ll guide you through:
Understanding how much you can borrow and how interest works
Exploring impacts on your estate, Centrelink benefits, and aged care planning
Help you understand any additional independent legal and financial advice requirements or recommendations
The loan application process – from product selection to paperwork to settlement
We’ll take the time to understand what’s important to you, so you can make confident decisions with expert support at every step.
Book a free, no-obligation consultation with a reverse mortgage finance specialist today.
Director
Australia's leading hospitality, accommodation and childcare finance specialist and winner of Loan Market's Commercial Broker of the Year 2024.
Finance Consultant
Whether you are buying a new home, investing in property or simply want to save on your existing home loan, Matt knows what it takes to negotiate a better home loan package to meet your needs.
