Reverse Mortgage in Victoria
How Does a Reverse Mortgage in Victoria (VIC) Work?
As Australians are living longer, the number of retirees within our population is expected to more than double over the coming years. With this extended life, there is a national conversation around the pillars available for retirement funding. The latest being the conversation around equity release, in particular, reverse mortgage.
Senior Victorians Utilising the Reverse Mortgage Retirement Tool
The home for many Australian seniors is the greatest asset within their portfolio alongside savings, superannuation, and access to government pension. The trouble isn’t accumulating wealth, but simply how to unlock it.
With both individual and state recognition on this, there is a growing popularity amongst Australian seniors in Victoria to utilise a reverse mortgage for their retirement. A reverse mortgage is designed to give homeowners aged 60 or older access to some equity of their home’s value. Borrowers via reverse mortgage products are granted government protections by regulation to ensure their protection, such as:
- No negative equity guarantee;
- You remain the title holder (and as such benefit from any increases to the property);
- Lifetime occupancy
Further benefits include no regular mortgage payments are required. Instead, reverse mortgages become payable when the borrower is no longer living at home.
A.S.A.G. Reverse Mortgage in Victoria
At ASAG, we assist seniors who are looking to release some of their locked away property wealth for many reasons. Some of our customers have insufficient savings and income to fulfill their desired retirement lifestyle. Others just simply want to improve their life in retirement through equity release products such as the A.S.A.G. Reverse Mortgage.
A.S.A.G. Reverse Mortgage in Victoria is a versatile solution and can be tailored to any financial needs. There are different ways to receive the proceeds, such as a lump sum, line of credit, regular payments, or any combination of all.
For further details, download our free Product Guide, call us on 1300 002 724, or send an email at firstname.lastname@example.org to see how you could improve your retirement income through A.S.A.G. Reverse Mortgage in Victoria.
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. 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