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Reverse Mortgage Loans are designed for retirees who own their own home, who are cash flow poor and have not adequately funded their retirement needs. Retirees use the equity in their homes and are not restricted on the use of their funds.

A Reverse Mortgage requires no repayments to be made by the retirees but they or their beneficiaries can meet the full repayments or interest only payments if they wish to keep the debt at the amount borrowed. The loan will be paid out when the borrower sells the property; either or both partners wish to move to an aged care facility or passes away. All fees, charges and interest are added to the loan. Disbursements of the funds are either via a bulk payment or monthly income streams and it’s very important that the clients seek expert advice to ensure their pensions or payments are not effected.

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