ASAG Reverse Mortgage

Variable

4.92% p.a.

Comparison Rate

5.11% p.a.
  • Loan Type Variable
  • Total Setup Cost $2,500.00
  • Ongoing fee $0.00

Loan Details

Loan Type
Variable
Guaranteed No Negative Equity
Independent Legal Advice
Notes
No change in title ownership (you remain the title holder). Loan only repayable once you either sell or pass away. Loan amount calculated using your age and property value.

NOTE: Plus Valuation Fee - charged by the valuer based on the specifications of the property. Plus title office fees for the mortgage to be lodged. All fees will be paid on settlement date.

Commitment Fee of 1% for any undrawn balance kept as a Cash Reserve. Funds in Cash Reserve are not charged the normal interest rate.

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 regular repayments required. Payments can be made optionally.
Limit to Equity Reduction
No negative equity guarentee. Optional Equity Protection can be selected.

Fees

Total Setup Cost
$2,500.00
Ongoing Fee
$0.00
Discharge Fee
$0.00
Early Termination Fee
No termination or penalty fees charged for early exist. Only a flat fee to cover the administration costs and title change over.

ASAG Reverse Mortgage

Variable Rate
4.92 % p.a.
Comparison Rate
5.11 % p.a.
Loan Type
Variable
Total Setup Cost
$2,500.00
Ongoing fee
$0.00

More Information

Loan Type Variable
Guaranteed No Negative Equity
Independent Legal Advice
Notes No change in title ownership (you remain the title holder). Loan only repayable once you either sell or pass away. Loan amount calculated using your age and property value.

NOTE: Plus Valuation Fee - charged by the valuer based on the specifications of the property. Plus title office fees for the mortgage to be lodged. All fees will be paid on settlement date.

Commitment Fee of 1% for any undrawn balance kept as a Cash Reserve. Funds in Cash Reserve are not charged the normal interest rate.
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 regular repayments required. Payments can be made optionally.
Limit to Equity Reduction No negative equity guarentee. Optional Equity Protection can be selected.
Total Setup Cost $2,500.00
Ongoing Fee $0.00
Discharge Fee $0.00
Early Termination Fee No termination or penalty fees charged for early exist. Only a flat fee to cover the administration costs and title change over.