Reverse Mortgage in New South Wales (NSW)

How Does a Reverse Mortgage in New South Wales (NSW) Work?

A reverse mortgage in New South Wales (NSW) can benefit retirees in several ways. It’s a financial tool available for senior homeowners to convert their locked away home equity into funds for retirement.

For many Australian seniors, their greatest financial asset is their home, which holds the majority of their wealth from years of sacrifice and savings. The trouble with this is finding a suitable way to access this wealth safely and securely, without selling and losing their home.

Government Protections for NSW Seniors

With a reverse mortgage as a financial tool, senior Australians have access to it to fulfill requirements and objectives in their retirement. Unlike other loans, a reverse mortgage comes with Government protections and doesn’t require mandatory repayments. However, if you want to, you can voluntarily pay it off without penalty.

Options for released funds include Lump Sums, Line of Credit as well as a stream of Regular Instalments. Aside from helping to improve your retirement income cash flow, reverse mortgages can be beneficial in many ways.

NSW reverse mortgage as part of your contingency plan

Unexpected costs are likely to pop up at any time. You could experience medical problems that require long-term care. Or, you may want to become the Bank of Mum and Dad and help your children who need financial support.

In these situations, having access to funds through a reverse mortgage in New South Wales can make it easier. A NSW reverse mortgage can help cover these expenses and then some, such as Debt Consolidation, Home Improvements, and Vehicle Finance.

A.S.A.G. is a dedicated team that strives to assist our Australian retirees to strategically use the equity within their home so they can enjoy the retirement that they desire. We deal with our customers with care and diligence to ensure they have all the tools to make the best decision possible.

A.S.A.G. Reverse Mortgage is designed to provide personalised and considerate customer service in our effort to help you unlock what you’ve earned to live a comfortable and secure retirement. Contact us today via phone on 1300 002 724 or send an email to info@asagfirst.com.au to learn more.