Reverse Mortgage.
Seniors First Finance is Australia's leading Reverse Mortgage Loan broker. Find equity release information, tips & all the top lenders here. Get the FREE Guide too!
Visit: https://www.seniorsfirst.com.au/
Start living again.
Fund your retirement with a Reverse Mortgage loan.
Australia’s #1 Reverse Mortgage loan broker
Since launching in 2006, Seniors First has helped thousands of people over sixty release home equity for cash.
And it's no wonder, because there are good reasons why it’s better to use a broker when applying for a Reverse Mortgage loan:
Aged Care Finance.
Fund your aged care fees with aged care finance. Reverse mortgages is a great pathway to fund your accommodation bond costs, avoid selling the home you love.
Using Home Equity For Renovations can help you future proof your home. Home repairs can help you improve your wellbeing and protect your property value.
Why worry about debt in your retirment? Reverse mortage can help you with refinance reverse mortgage & free your cash flow. Enjoy your retirment with less stress.
How does a Reverse Mortgage work?
Learn how a Reverse Mortgage works, and more.
As with standard home loans, a Seniors First Reverse Mortgage is secured by the first registered mortgage over the borrower’s house.
The amount of equity that you can release is determined by your age and the security property’s value (although lenders have different policies on how much they will lend).
Crucially, however, you will retain full ownership and can stay in your home as long as you want.
The interest is ‘capitalised’ -charged back to the loan account – and will compound over time, i.e., the loan balance will increase unless you make voluntary payments.
The debt, including all interest and fees owed, is repaid to the lender when:
