How Reverse Mortgages Work
We help Seniors tap into the equity in their home to enjoy a more financially comfortable lifestyle
Reverse mortgages or Equity Release Mortgages
These loans are most suitable for retirees who own their home, but are looking to release cash. Unlike a traditional mortgage, there are no periodic repayments required, but there are interest charges that are accumulated against the outstanding loan balance. The loan generally doesn’t have to be repaid until the property is sold or the owner dies.
Lifestyle Mortgages loan consultants specialise in the Australian Equity Release Market – and are qualified and experienced in the provision of quality information and guidance on which you can base your considerations, and ultimately, your decisions.
We provide consumers with reliable, accurate, unbiased and up-to-date information about the available alternatives in accessing (un-locking) residential home equity.
With the increasing popularity of Equity Release options, the Senior Australians Equity Release Association of Lenders (SEQUAL) has been established by Lenders in this market. SEQUAL Lenders must adhere to a strict Code of Conduct designed to protect you, the consumer. Our mortgage consultants have completed the required education standards to be accredited by SEQUAL.
Our role is to help you – and this begins with the collection of sufficient information about you, your family and your home (and other relevant issues), so that meaningful alternatives can be presented to you.
For further information, or attend one of our free workshops on Equity Release Mortgages please telephone 9402 4240