Reverse Mortgage in Queensland

How Does a Reverse Mortgage in Queensland (QLD) Work?

With an A.S.A.G. Reverse Mortgage in Queensland, you can unlock your home equity to provide you with the funds you need in retirement.

As seniors within Queensland or those entering into Queensland to live out their retirement age, their focus gradually shifts to how they will retain a standard level of retirement comfort. Traditionally, this has been accommodated for with personal savings, superannuation, and the government pension. However, it is becoming part of normalisation for Australian seniors to safely and securely access their greatest source of wealth to fund their retirement — their home. A reverse mortgage offers seniors within Queensland a means of accessing funds for retirement purposes.

Retirement Financial Solutions for Senior Queenslanders

If you’re a senior homeowner in Queensland who needs funding for retirement, a reverse mortgage could be the right financial solution for you. Think about the equity that you’ve built up in your home and how it is just waiting to be unlocked. This equity can be accessible to you without selling your home outright to move and downsize.

A.S.A.G. can help you learn more about reverse mortgages and how the process works. We’ve prepared a product guide that includes all the pros and cons so you can decide whether it is the proper choice for you.

A.S.A.G. Reverse Mortgage in QLD

Finding the funds for what you need can be challenging. Keep working at retirement age wouldn’t exactly be on top of your plan, would it? It’s about time to consider your options to secure comfort today and confidence tomorrow.

With A.S.A.G. Reverse Mortgage in QLD, you can access some equity in your home to provide you with the funds you need for your Day-to-Day Expenses. Many senior homeowners have also thought about using a reverse mortgage for funding Aged Care accommodation fees. This can be a great idea, with access to up to 50% of your home’s value.

Compared to other loans, you don’t have to make regular repayments with a reverse mortgage. However, you can do it voluntarily. It is paid off when you sell the house – either to downsize, move to aged care, or you pass away. Reverse mortgages are regulated with a No Negative Equity Guarantee, which means that borrowers won’t owe more than their home’s worth.

Nevertheless, it may not be the ideal solution for everyone. Accessing funds through a reverse mortgage will reduce the amount of your home equity over time. Before making a decision, we will require you to obtain independent legal advice to ensure you fully understand the agreement involved in a reverse mortgage. For more information on how you could live the life you’ve earned with a reverse mortgage in Queensland, contact A.S.A.G. today through phone on 1300 002 724 or send an email at info@asagfirst.com.au.