What We Do

A Reverse Mortgage is a specially designed product for homeowners over the age of 60 years.  A Reverse Mortgage effectively allows you to access part of the value of your home in cash without having to make regular loan repayments as you would with a traditional mortgage.

The loan is repaid when you sell your home or it is settled as part of your estate.

A Reverse Mortgage can provide you with the extra cash to enable you to enhance you lifestyle.  As the value of residential properties have appreciated very significantly in recent years it simply allows you to borrow part of that total value and use the money for anything you like.  Many seniors who effectively have their life savings locked up in the value of
their home are now deciding to tap into part of that value with a Reverse Mortgage.

You can borrow from $10,000 to $1,000,000 based on your age and the value of your property and the money can be used for anything you desire.  You can take the money in lump sum or as a regular income or a combination of both.

Many seniors have already enhanced their lifestyle utilising a Reverse Mortgage.

Some reverse Mortgage purposes could be: -*Holiday   *New car   *Home improvements   *Medical Expenses   *Assist your family

Example 1: - You and your wife are 68 years of age and own a home valued at $600,000.  You wish to go on an overseas holiday and to provide some financial support to your daughter.  Altogether you wish to borrow $80,000.  A Reverse Mortgage could readily provide the funds for these purposes.

Example 2: - You are a widow in your 70s living in your own home unit.  Your home unit is valued in excess of $250,000 and you would like to update your motor vehicle and go on an overseas holiday.  A reverse mortgage can provide you with the cash to do both of these things.