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Look for a non-recourse loan

Borrowers considering a reverse mortgage should look for a 'non recourse loan' that offers a guarantee of ‘no negative equity’. This means you can never owe more than the value of your property as long as you abide by the terms and conditions of the loan. It also means there are no circumstances under which you can be forced out of your home to repay the debt.



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Today's Best Rates

Institution Product Title Rate (%) Details
Variable SmartFit 6.24
Wealth Package ($150,000-$350,000) 6.36
Standard Variable Loan 6.62
Standard Variable 6.70
NAB Tailored Home Loan - Variable Rate 6.74
Institution Product Title Rate (%) Details

Rates for a $250,000 standard loan. Popular loans are from the top 15 leading banks & credit unions. The 3 year tabs show loans that are fixed for 3 years.



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