Our Reverse Mortgage Calculator Provides Crucial Information
Information is crucial if you are considering a reverse mortgage, which is why the reverse mortgage calculator from The Australian Securities & Investments Commission (ASIC) is a powerful tool. This tool provides a practical way to project the possible effect of unlocking your home equity over different loan terms.
Reverse Mortgage Costs Calculator Gains
While there is no sure-fire way to predict what could happen in the future, a reverse mortgage repayment calculator is a practical tool that can show you what to expect if you add important variables such as:
Your home’s current value
Your home’s capital growth rate
The interest rate of the reverse mortgage loan
Your age
Overall loan term
Using this calculator will help you figure out key information about the loan, such as:
The amount you owe to the reverse mortgage lender
Your home’s future value
Your future equity in your home
Try the Calculator for Yourself
If you’re ready to try the calculator, you can use it here.
MANY PEOPLE HAVE TROUBLE USING THE CALCULATOR THE FIRST FEW TIMES. CONTACT US AND WE CAN SEND YOU A CALCULATOR THAT WILL REFLECT YOUR SCENARIO.
More than a decade’s experience consulting with senior Australians and Self-Funded Retirees regarding specialist credit products designed to support retirees.
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