Reverse Mortgage in the Australian Capital Territory (ACT)
How Does a Reverse Mortgage in the Australian Capital Territory (ACT) Work?
In the Australian Capital Territory (ACT), where the cost of living changes significantly, seniors can find a use for an A.S.A.G. Reverse Mortgage to help elevate their standard of living in retirement.
In your senior years, your sense of freedom varies depending on your financial stability. The three pillars of income streams for retired Australians, namely the Government Pension, Superannuation, and retirement savings, may combine efforts to help elevate your standard of living. But, this is not always the case, particularly in places where the cost of living changes strikingly like in the Australian Capital Territory (ACT).
A.S.A.G. paves the way for the future of retirement living by allowing Australian seniors safe and flexible access to their property portfolio. Designed to assist in providing a comfortable retirement, an accessible, secure, and customised equity release product is giving retirement planning control back to seniors. Through a reverse mortgage loan, seniors in Australia, and in and around the Australian Capital Territory, can now get hold of some of their home’s value and redirect it towards their goals in retirement.
A.S.A.G. Reverse Mortgage in the ACT
The purpose of acquiring the A.S.A.G. Reverse Mortgage is to improve your retirement income. It allows you to access the idle wealth in your home without selling it and/or needing to make ongoing repayments. The reverse mortgage loan is paid off when you vacate your house to downsize, move to residential care, or you pass away.
ASAG’s Equity Release products have been customised for Australian seniors as a smart funding alternative, where they can continue to benefit from the capital growth in their property as well as age in place. The funds you receive are multi-purpose as you see fit to your objectives, which can be debt consolidation, vehicle finance, home renovation, home care, daily expenses, or helping out your family.
Product Safe Guards for Your Protection
In the Australian Capital Territory, reverse mortgages are regulated by the National Consumer Credit Protection Act 2009 so customers can:
Retain the title to their property
Live in their home for as long as they want
Make sure they won’t owe more than their home’s worth
These product safeguards also apply to the A.S.A.G. Reverse Mortgage to protect the interests of our customers in the ACT. If you consider a reverse mortgage as a recourse for funding, it’s required of all customers to seek independent legal advice to ensure complete understanding of the agreement. This is also an assurance that only suitable financial support will be provided and you won’t end up with added monetary drawbacks.
Contact A.S.A.G. for your funding needs in the ACT
Our team at A.S.A.G. can assist you with all the details that you have to know, including how the loan works, the latest reverse mortgage interest rates, and why a reverse mortgage should be considered when you plan your retirement. Our lines are open on 1300 002 724 and at info@asagfirst.com.au so you can talk or send us your enquiries about the A.S.A.G. Reverse Mortgage or other equity release solutions for seniors in the ACT.
Get started by using our free A.S.A.G. Reverse Mortgage Calculator to assess your available equity.
What People Say About Us
I have been absolutely thrilled with not just the professional service offered by ASAG but also by their kindness and understanding. Compared to two other major Reverse Mortgage companies who between them took 13 months to decline my application due to me living in a resort I have found Gavin Luka at ASAG extraordinary in his patience with any amount of questions which were answered so promptly and in full. A very happy life ahead.
Kathy on Trustpilot
22 Mar 2022
We are very happy to “highly recommend” Gavin Luka for providing his thoughtful, empathetic, personable yet professional service during the acquisition of loan process. Gavin’s ability to ‘make it happen’ in a calm, seamless manner at a very stressful time for us – meant a lot.
Thankyou Gavin, what a ‘star’. Blessings to you
ASAG are very fortunate to have you on their team. Well done.
Carol Fleming on Trustpilot
9 Mar 2022
This was a very pleasant experience
This was a very pleasant experience. Plenty of guidance given along the way. Some anxiety but now looking back nothing to be concerned about. Thank you Gavin and his team.
Sandra Phillips on Trustpilot
7 Mar 2022
dealing with paul and gavin extremely easy
dealing with paul and gavin was extremely easy and also very pleasureable. if taking out a reverse mortgage i would reccomend asag to anyone.
Bob Manskie Manskie on Trustpilot
7 Mar 2022
I have used this company very recently and especially Gavin.He was so helpful in every way and talked me through everything that I needed to do.He was so polite , understanding and gentle with this gal as I was sick at the time but he just explained it all step by step and made the whole procedure as painless as possible though it wasn’t as easy a procedure as I’d hoped.They always answered the phone promptly and if Gavin wasn’t immediately available he’d always ring back very promptly.I can assure you this company is so easy to deal with.
Heather on Trustpilot
7 Mar 2022