Mortgage repayments – Sydney Reverse Mortgage

Loan Scenario of the Week (18/08/2023)

Neil (aged 66), lives in his home on the NSW South Coast. He has lived there for over 30 years and inherited the property from his father. It is an acreage property. The zoning on the property was rural, with the council changing it over the years. Currently the quarter of the property around the […]

Loan Scenario of the Week (04/08/2023)

Timothy (aged 82) and Karen (aged 73) live in their home in Western Sydney. They have a mortgage of approximately $215,000.00. The payments have increased considerably in the last few months as interest rates have risen. They, also have an arrangement with council as they have rates arrears. Timothy and Karen are looking at a […]

Some of our FAQs

Do I still retain the ownership of my home?

Yes, your name remains on title, like any other traditional mortgage. The lender is simply registered as having an interest like your conventional mortgage loan.

What is the acceptable age of the youngest borrower?

60 years, however, some lenders require the youngest borrower to be 70 years of age.

Are the borrowers protected under the National Consumer Credit Protection Act?

Yes, the law has been amended to include senior’s equity release loans under the National Consumer Credit Protection Act.

Read more at our main FAQs page

Loan Scenario of the Week (18/08/2023)

Loan Scenario of the Week (04/08/2023)

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