But I am sitting on locked away equity in the home that I own.
35% of retired Australians live below the poverty line, second last in access to money in retirement of the 23 OECD countries we are compared with.
Learn how your locked away home equity can be used as income in your retirement
Understand the Government protections to protect your home and your family
Get an idea for how a Reverse Mortgage could be tailored to your needs.
Understand how much equity YOU could UNLOCK!
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. 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 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
You remain the homeowner of your property and can benefit from any growth in the property value in the future. Reverse mortgages are well regulated by the National Consumer Credit Protection Act 2009; these protections apply to our ASAG Reverse Mortgage as well as other equity release products.
The “No Negative Equity Guarantee” (NNEG) law was introduced in 2012, so you can be protected and cannot owe more than your home’s value.
As part of the Government protections, all lenders within the Equity Release industry must provide you with an ASIC MoneySmart projection. This projection gives you three circumstances of how your equity against your loan will look over a 5, 10 and 15 year period. Although no one can predict the future, these circumstances take assumptions into consideration to give you the best prediction as possible.