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Seniors Equity Release Loan

1st Rate Mortgage Plus Home Loan

The Seniors Equity Release home loan (also known as a Reverse Mortgage) is suitable for people aged 60 or over, who own their own home and would like to access the equity in their home as cash.

Advantages

  • No monthly fees or charges on the home loan
  • No maximum limit, subject to property valuation
  • You can receive your loan as a lump sum, a monthly income or a flexible drawdown
  • The home loan term limit continues until the borrower ceases to reside in the property
  • Home loan repayments are not required until borrower ceases to reside in the property

Disadvantages

  • Not permitted for retirement villages, resorts or transportable homes
  • Higher redraw/drawdown fees

Seniors Equity Release Loan

Click on our Seniors Equity Release Home Loan below for further information.

Where to go from here:
Call Mortgage House on 133 144

This is not an introductory rate. Your rate actually is 6.49%!
Click for details

 Call Mortgage House on 133 144

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