Reverse Mortgages

A reverse mortgage is a loan available to Australians aged 60 and over that allows you to access the equity in your home without selling it. You can receive funds as a lump sum, ongoing income, or line of credit, and the loan is only repaid when you sell the home, move into aged care, or pass away.

Yes. You remain the full legal owner of your home, and you can continue living in it for as long as you like.

No regular repayments are required. Interest is added to the loan over time (compounding), and the full amount is repaid when the home is eventually sold.

This government-mandated guarantee ensures that you or your estate will never owe more than the value of your home, even if the loan balance exceeds it at the time of sale.

The amount depends on your age and the value of your home. Generally, the older you are, the more you can borrow—starting around 15–20% of your home’s value at age 60 and increasing with age.

Yes. Many reverse mortgages offer flexible options including lump sums, regular income payments, or a redraw facility so you can access funds as needed.

Key risks include reducing the equity in your home (affecting inheritance), interest compounding over time, and potential impacts on pension eligibility. That’s why we always recommend discussing it with a financial planner or legal adviser.

Possibly. Any funds drawn from the reverse mortgage and not spent immediately may be counted as an asset under the Age Pension asset and income tests. We recommend speaking with Centrelink or a financial adviser.

Contact our team for a no-obligation discussion. We’ll assess your needs, explain how the loan works, and guide you through the application with one of our trusted lending partners.