Reverse Mortgage in Northern Territory

How could seniors in The Northern Territory (NT) benefit from a reverse mortgage?

Australian seniors in the Northern Territory can also enjoy the benefits of the A.S.A.G. Reverse Mortgage as it’s now offered to our senior customers in NT.

As an Australian senior in the Northern Territory, whether currently in retirement or if it’s something that you are planning to enter into, you may be facing the challenge of ensuring that you have enough to fulfill your retirement objectives financially. Financing your retirement has traditionally revolved around three primary pillars being your personal savings, superannuation payments, and lastly, the Government Aged Pension (to which is an asset means test to access). However, for some Australian seniors, sometimes this just isn’t enough to fulfill one’s comfort or confidence. Little to no savings or lack of superannuation access leaves a very modest Aged Pension once accessed.

After years of hard work, sacrifice, and diligence, it should be the time for any Australian senior to live the life they’ve earned. Australians are inherently home builders. Unbeknownst to many seniors, the greatest part of their wealth remains idle and locked away within their homes or property portfolios. Therefore, money isn’t the problem, simply the access to it.

Our team at A.S.A.G. can help you unlock and access this wealth with an equity release solution through the A.S.A.G. Reverse Mortgage. So you can plan or live the retirement that you deserve.

A.S.A.G. Reverse Mortgage in Northern Territory

If you’re one of these seniors seeking financing in the Northern Territory, you can now benefit from our reverse mortgage loans as we offer them to our senior customers in NT.

A.S.A.G. Reverse Mortgage is a home equity release option for Australian seniors aged 60 and over who may have limited savings or assets. It allows those with low income to borrow against their home’s value to improve their lifestyle as they enjoy their retirement.

With a reverse mortgage, you’re not required to make regular payments or move out of your house as the loan is fully repayable when you sell the property. Another feature it provides is the ‘No Negative Equity Guarantee.’ Introduced by the government in 2012, this equity protection is a safeguard for customers, which means you cannot end up owing more than your home’s value.

Consider long and hard how a loan could have an effect on your financial responsibilities. Better to discuss your plan first with your family and an independent legal adviser so you are aware of the potential impact of a reverse mortgage.

The A.S.A.G. team is ready to assist you

If you decide to go for a reverse mortgage, contact us to further discuss this financial alternative with our team. You can talk to us on 1300 002 724 or email at info@asagfirst.com.au to learn how the A.S.A.G. Reverse Mortgage could help in improving your retirement income.

Also, our A.S.A.G. Reverse Mortgage Calculator is a free tool you can use to find out what available equity is in your home.