Mortgages_highres_b-wA reverse mortgage allows you to borrow money using the equity in your home as security, and Financial Decisions can advise whether a reverse mortgage is right for you. The loan can be taken as a lump sum, a regular income stream, a line of credit or a combination of these options.

While no income is required to qualify, credit providers are required by law to lend you money responsibly so not everyone will be able to obtain this type of loan.

Interest is charged like any other loan, except you don’t have to make repayments while you live in your home – the interest compounds over time and is added to your loan balance. You remain the owner of your house and can stay in it for as long as you want.

You must repay the loan in full (including interest and fees) when you sell your home or die or, in most cases, if you move into aged care.

Back

success-1

Home Owner

  • Affordability Assessment
  • Rate Options
  • Ownership Structure
  • Essential Loan Features
  • Contingency Planning
  • Principle + Interest vs Interest Only

SMSF

  • Assessing Options
    • SMSF Trust Deed/Bare Trust
    • SMSF Loan Pre-approval
dollar-symbol

Investor

  • Affordability Assessment
  • Rate Options
  • Ownership Structure
  • Essential Loan Features
  • Contingency Planning
  • Principle + Interest vs Interest Only
chart

Business Borrowing

  • Clarifying your Business Needs
  • Assessing Options
  • Structuring
  • Assisting with Documentation
dollar-coins

Reverse Mortgage

  • Assessing Options
    • How Much to Borrow
    • Risk Assessment
clock

Leasing

  • Novated Lease
  • Chattel Mortgage
  • Finance Lease
  • Operating Lease