|Guaranteed No Negative Equity|
|Independent Legal Advice|
|Notes||Valuation fee of $350 applies for homes valued up to $2 million. Aged Care Option Available (5 year term, 5% higher LVR). Can lend on investment properties and holiday homes. Cash Reserve Option available. Regular Advances available - for up to 10 years.
Now accept ages 55+ for couples where one partner Is 60 or older. See Reverse mortgage product guide to view the full terms. The maximum LVR is 50% at age 90.
|Loan Drawdown||Lump Sum or Regular Payments|
|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|
|Early Termination Fee||No deferred establishment fee.|