Reverse Mortgage Interest Rate
ASAG Reverse Mortgage Interest Rate
With an ASAG 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.
ASAG Reverse Mortgage’s variable interest rate is 4.92% p.a. (Comparison Rate 5.11% p.a.).
For further information, download your ASAG Reverse Mortgage Brochure or make an enquiry today.
ASAG Reverse Mortgage’s Variable Interest Rate (Comparison Rate 5.11% p.a.)
ASAG 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.
4.92% p.a. is our current Variable Interest Rate (Comparison Rate 5.11% p.a.)
Frequently Asked Questions
The interest rate on an ASAG Reverse Mortgage is 4.92% p.a. (Comparison Rate 5.11% p.a.).
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.
ASAG Reverse Mortgage is offered with a variable interest rate. This is currently 4.92% p.a. (Comparison Rate 5.11% p.a.).
ASAG 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.