IMB Reverse Mortgage

Variable

5.57% p.a.

Comparison Rate

5.61% p.a.

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Age Bands Min LVR Max LVR Min Loan Amount Max Loan Amount
Age 70 18.00% $20,000.00 $1,000,000.00
  • Loan Type Variable
  • Total Setup Cost $495.00
  • Ongoing fee -

Loan Details

Loan Type
Variable
Guaranteed No Negative Equity
Independent Legal Advice
Notes
The maximum LVR is 18% at age 70. Total Setup Cost - 1.5% of the loan amount.

Features

Loan Drawdown
All
Portability
Revalutions Required
Revalution Frequency
0yrs
Revalution Fee
$0.00
Further loan advance possible
Lending in all areas
Partial Repayments Allowed
Repayment Notes
Limit to Equity Reduction
Up to 25%

Fees

Total Setup Cost
$495.00
Ongoing Fee
-
Discharge Fee
-
Early Termination Fee

IMB Reverse Mortgage

Variable Rate
5.57 % p.a.
Comparison Rate
5.61 % p.a.
Loan Type
Variable
Total Setup Cost
$495.00
Ongoing fee
-
Age Bands Min LVR Max LVR Min Loan Amount Max Loan Amount
Age 70 18.00% $20,000.00 $1,000,000.00

More Information

Loan Type Variable
Guaranteed No Negative Equity
Independent Legal Advice
Notes The maximum LVR is 18% at age 70. Total Setup Cost - 1.5% of the loan amount.
Loan Drawdown All
Portability
Revalutions Required
Revalution Frequency 0yrs
Revalution Fee $0.00
Further loan advance possible
Lending in all areas
Partial Repayments Allowed
Repayment Notes
Limit to Equity Reduction Up to 25%
Total Setup Cost $495.00
Ongoing Fee -
Discharge Fee -
Early Termination Fee