Reverse Mortgage Interest Rate
A.S.A.G. Reverse Mortgage Interest Rate
With an A.S.A.G. home equity release, the interest is charged on the reverse mortgage funds you receive. At ASAG, we provide our customers with a variable interest rate.
A.S.A.G. Reverse Mortgage’s variable interest rate is 8.44% p.a. (Comparison Rate 8.89% p.a.*).
For further information, download your A.S.A.G. Reverse Mortgage Brochure or make an enquiry today.
A.S.A.G. Reverse Mortgage’s Variable Interest Rate (Comparison Rate 8.89% p.a.*)
A.S.A.G. Reverse Mortgage Interest Calculation
Interest on your reverse mortgage is calculated daily and added to your balance on a monthly basis.
The total amount payable will be due at the end of the loan term when you move from your home permanently, sell or pass away.
8.44% p.a. is our current Variable Interest Rate (Comparison Rate 8.89% p.a. * )
Frequently Asked Questions
The interest rate will determine the amount payable over time. The lower the interest rate on your reverse mortgage, the more equity retains in your home.
For more information on available home equity and costs over time, see our Reverse Mortgage Calculator page.
A.S.A.G. Reverse Mortgage Calculator is a free tool you can use to find out what available equity is in your home. Or, you can call us on 1300 002 724 to learn how a reverse mortgage could improve your retirement income.
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
*DISCLAIMER: Interest is based on a loan of $150,000 with a term of 25 years. Interest is calculated daily and charged monthly.
Please note the comparison rate only applies to the examples given. Different loan amounts and terms will result in different comparison rates. Costs such as redraw fees and costs savings, such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.