A reverse mortgage is a loan with a difference.

It allows you to borrow an amount of cash against the agreed value of your home. This amount is directly linked to the youngest owner of the property.

However, unlike other traditional loans, you do not need to make any repayments during the life of the loan.

It is not based on your income, is based on the agreed value of your home and this is what acts as the security for the amount you borrow.

Interest on this loan is accrued monthly throughout the length of your loan.

The loan is repaid when you either, permanently move out of the home, move into ongoing aged care, or upon death.

A reverse mortgage with Mortgages for Money has an inbuilt protection of NO NEGATIVE EQUITY GUARANTEE.

Mortgages for Money is SEQUAL accredited and bound to abide by the very stringent rules set down by the Australian Government with regard to Reverse Mortgages.

Key criteria that must be met in order to qualify for a "Mortgages for Money Reverse Mortgage":

● The youngest applicant must be over 60 years of age

● You must own or be purchasing the property

● You must still reside in the home.

Please call us on 1300 884 825 to discuss as to whether this is the best option for your circumstances.