Reverse Mortgage in Melbourne
Reverse Mortgage Provider in Melbourne
Australia has one of the highest older populations in the world. While a greater life expectancy is good news, it also indicates that Australians, both retired and those starting to plan theirs, need to reevaluate how they’re going to fund their retirement years. Given the rising and ongoing living costs, your limited savings, restrictive access to superannuation, and the age pension alone may not guarantee a comfortable retirement. When you consider how strict the lending requirements can be for people aged 60 and over, you immediately see how issues can occur.
A.S.A.G. supports accessible equity release products for Australian seniors by now offering the A.S.A.G. Reverse Mortgage in Melbourne. A reverse mortgage is like a home loan where you can unlock some equity in your home. However, it’s especially modified for the needs of seniors as no ongoing repayments are required, instead the loan is repayable at the end of the term when you permanently leave your home.
Melbourne Seniors, Achieving their Retirement Objectives with ASAG
The funds can be used in a number of ways, aiding seniors in achieving their financial goals and objectives in retirement. Some of the common purposes of a reverse mortgage include consolidating debt, supplement income to pay bills and expenses, fund home renovations, travel, or upgrading to a new car. Additionally, seniors who need financial support with health care use the funds to pay for in-home care or to help with the costs of residential aged care.
A.S.A.G. assists senior homeowners in Australia, including Melbourne, to tap into their home equity and find greater security in their transition to retirement. Contact our team on 1300 002 724 so we can walk you through our equity release process. You can also use the A.S.A.G. Reverse Mortgage Calculator tool on our website to assess your potential borrowing power and to know if a reverse mortgage is right for you.