Reverse Mortgage

Variable

5.95% p.a.

Comparison Rate

5.97% p.a.
  • Loan Type Variable
  • Total Setup Cost $495.00
  • Ongoing fee $0.00

Loan Details

Loan Type
Variable
Guaranteed No Negative Equity
Independent Legal Advice
Notes
The maximum LVR is 45% at age 90. Cash Reserve Option available, can be approved and drawn down post settlement. Regular Advances available - for up to 10 years. Aged Care Option Available (5 year term, 5% higher LVR). Can lend on investment properties and holiday homes.

Features

Loan Drawdown
Lump Sum or Regular Payments
Portability
Revalutions Required
Revalution Frequency
0yrs
Revalution Fee
$0.00
Further loan advance possible
Lending in all areas
Partial Repayments Allowed
Repayment Notes
No early repayment fees.
Limit to Equity Reduction
Up to 50% ($295 fee)

Fees

Total Setup Cost
$495.00
Ongoing Fee
$0.00
Discharge Fee
$395.00
Early Termination Fee
No deferred establishment fee.

Reverse Mortgage

Variable Rate
5.95 % p.a.
Comparison Rate
5.97 % p.a.
Loan Type
Variable
Total Setup Cost
$495.00
Ongoing fee
$0.00

More Information

Loan Type Variable
Guaranteed No Negative Equity
Independent Legal Advice
Notes The maximum LVR is 45% at age 90. Cash Reserve Option available, can be approved and drawn down post settlement. Regular Advances available - for up to 10 years. Aged Care Option Available (5 year term, 5% higher LVR). Can lend on investment properties and holiday homes.
Loan Drawdown Lump Sum or Regular Payments
Portability
Revalutions Required
Revalution Frequency 0yrs
Revalution Fee $0.00
Further loan advance possible
Lending in all areas
Partial Repayments Allowed
Repayment Notes No early repayment fees.
Limit to Equity Reduction Up to 50% ($295 fee)
Total Setup Cost $495.00
Ongoing Fee $0.00
Discharge Fee $395.00
Early Termination Fee No deferred establishment fee.