Are you or someone you know exploring ways to make retirement more financially comfortable – without selling the family home?
I specialise in helping Australian seniors and retirees aged 60 years and over to access wealth tied up in their property through smart and strategic reverse mortgage solutions.
A reverse mortgage is a type of loan that allows homeowners aged 60 or over to access a percentage of the equity in their home without having to sell it.
Typically, repayments are not required until the property is sold, the borrower moves into aged care or passes away.
Borrowers have a few different options for accessing the funds such as:
In the past, reverse mortgages have, unfairly, had a negative association for some. It’s similar to the ‘ick’ vibe that was attached to bridging loans in the early 2000s. The thing is, reverse mortgages, just like bridging loans serve a legitimate purpose and can be a positive life-changing option for some.
Just like any other type of loan and financial decision, it’s a solution that needs to be carefully considered based on your current financial situation and future goals.
Below, I’ve outlined some of the reasons eligible clients choose reverse mortgages, plus my take on benefits, risks, and considerations I recommend borrowers keep in mind before applying.
As your finance broker, my aim is to guide you through a range of suitable home loan options, to help you weigh up the costs, the benefits and the negatives based on your individual situation.
A reverse mortgage may not be for everyone and there are other options that could be more suitable for you. It’s also important to note that not all lenders offer reverse mortgages, so you need to be sure you are approaching the bank that’s right for you.
For more information on the relevance of a reverse mortgage for your situation, and eligibility requirements, request a confidential, obligation-free callback today. Click here or contact me direct on 0401 865 430.
Published: 20 April 2025
THE FINEPRINT: The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. While all care and attention are taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances.
Green Finance Group Pty Ltd ACN 145 035 221 is authorised under LMG Broker Services Pty Ltd ACN 632 405 504 Australian Credit Licence 517192.
“Helping Brisbane homebuyers to reach their property ownership goals while saving them time and money along the way is hands down the best part of my role as your finance broker."
Fortitude Valley, Brisbane
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.
My career in banking and finance began with CBA, Australia’s largest bank, where I worked to secure funding and everyday banking solutions for both personal and small business clients.
