REVERSE MORTGAGE HOME LOANS
Assured Home Loans can give you access to a Reverse Mortgage Home Loan. Reverse mortgages are relatively new in the home loan market and were brought about to assist elderly borrowers in a number of ways.
For a reverse mortgage, the lender will calculate the equity in your family home and will lend up to 30% of the property value. For example, if a property is worth $300,000, up to $90,000.00 of the equity may be used, less any amounts currently owing.
The lender will lend funds with no set minimum monthly repayments required. Interest is simply capitalised to a set limit and the lender will recoup the outstanding funds on either the death of the borrower/s or if the security property is sold.
![shutterstock_529153357reduced](https://www.assuredhomeloans.com.au/wp-content/uploads/2019/10/shutterstock_529153357reduced.jpg)
Benefits to a reverse mortgage home loan
![pest inspection](https://www.assuredhomeloans.com.au/wp-content/uploads/2019/10/pest-inspection-180x180.png)
Many pensioners cannot apply for a traditional mortgage, however a reverse mortgage opens up the lending market to elderly people.
![title insurance fee180x180](https://www.assuredhomeloans.com.au/wp-content/uploads/2019/10/title-insurance-fee180x180.png)
You don’t have to sell your home or downsize in order to subsidise retirement.
![house mortgage iconreduced](https://www.assuredhomeloans.com.au/wp-content/uploads/2019/09/house-mortgage-iconreduced-180x180.png)
Use the equity in your home for almost anything to help you get a stress-free retirement.
![check icon2](https://www.assuredhomeloans.com.au/wp-content/uploads/2019/10/check-icon2-180x180.png)
Reverse mortgages are flexible.