Sydney Mortgage Loans
URGENT MATTERS contact on mobile 0422 505 820

  SENIOR'S EQUITY

Reverse Mortgage for seniors equity release work in the opposite way to mortgages. Interest is added to reverse loans and you do not have to make repayment, mortgage equity is reversed. Repayment option is always available although not required until the borrowers permanently choose to leave the home for any reason or death.

It is our duty to help you find a better loan

Sydney Mortgage Loans Offer You A No Obligation Service (FREE)
 You can shop around to find out seniors equity loans available for you. Don't get disappointed when you fail to get your desired reverse mortgage, we help you get one from another Australian mortgage lender.
We serve all suburbs in Australia.
Call us on 0422505820.
 We aim to get you a better loan.
 Our lenders offer seniors finance. They disclose risk on reverse mortgages to consumers before seniors home equity loans are sold. You are advised to read ASIC guidelines on seniors equity loans to understand how it will apply to you, before accepting a loan.
WEHAVE ACCESS TO MANY LENDERS

HOME LOAN CUSTOMERS

Our commitment to you is that we analyse your existing finance strategies with a view to help you to obtain a better product, this may help you to select an appropriate loan.

BE FREE TO ASK YOUR QUESTION @ NO FEE
 
What is an Equity Release Plan ?
 
An Equity Release Plan (commonly known as a reverse mortgage) is a loan designed for people aged 60 and above who wish to access the equity that they have accumulated in their own home. An equity release plan enables the borrower to unlock the equity in their home and convert it into cash - either as a lump sum, income plan, or a combination of both.
An equity release plan requires no monthly repayments throughout the life of the plan. The interest is simply capitalised (progressively added to the amount borrowed) and only becomes repayable when the borrower sells their home, moves out of their home permanently or when the last surviving borrower passes away. Our lender panel will not benefit from the capital growth in your property.

It is simple. The only requirement for a Equity Release Plan is that the youngest borrower is over 60 years old and owns their own home. If the borrower has an existing mortgage on their home, it is repaid by Reversed Mortgage Lender and any surplus is available for the borrower when ever it is needed for a purpose.

 

Some customers in this age group do not earn sufficient cash to live but have equity in assets. Reverse mortgages for over fifty five years (55) known as seniors equity loans help them to use part of that wealth without selling the property. Before you apply for a reverse equity home mortgage take advice from a Solicitor or an Accountant about your position.
How much could you borrow

(percentages may change, example only)

AGE 60 65 70 75 80 85 90 95
LVR 15% 20% 25% 30% 35% 40% 45% 50%

L V R = Borrowings expressed as a percentage of property value

If you wish to leave aside an ESTATE, to that extend we will not touch your property value, leaving your beneficiaries to claim that money.

Equity Access Loans (Release equity in your own home to meet living expenses)

Reverse mortgage brokers help seniors over 55 with equity home mortgage loans.

You do not repay loan. This is why initial loan has a very lower LVR leaving room for any interest and withdrawals to get accumulated to loan amount. Examples of maximum percentage LVR and related loan amount for each age group is given above. When you get older, you are eligible to draw more. Also, with time your property may have capital gains to increase it's value. This enable you to draw more if necessary. Release money today will give you a better life when you are alive, that is the concept behind Equity access.

Key term of the loan is that you remain living in the property "YOUR OWN HOUSE" . If you are unable to care for yourself and must move out, the property may need to be sold irrespective of market conditions and the loan is repaid . Please seek advise from you accountant or solicitor as to suitability of this product.

Visit www.asic.gov.au to find out guidelines on seniors equity release legislated information accurately. We are eligible to act as a Sydney Finance Broker to release your mortgage equity through certain lenders.
REVERSE MORTGAGE EQUITY RELEASE

  • Access the equity in your home

  • Enjoy a lump sum or regular payments or both

  • No negative equity guarantee

  • Protected equity option

  • No repayments ever until you move, sell or pass away

  • Keep ownership and title of your home

  • Flexible interest rate options