What is an ASAG Equity Release?
ASAG Equity Release is designed so you can use some of the equity in your home to help pay for your retirement expenses without making regular repayments.
Just as importantly, the title of the property stays in your name. You continue to own and live in the home you love.
Eliminate Regular Repayments
Use your money to cover other important expenses as you don’t have to make regular repayments towards your ASAG Equity Release.
Make the most of your home equity and use the cash for financing things such as home renovations or medical costs.
It’s Your Home
You retain ownership of your home, so you can continue to live in it as long as you want!
Who Is an ASAG Equity Release For?
ASAG Equity Release has helped older Australian homeowners to tap into their home equity and find greater security in their transition to retirement. The advance can be used in a number of different ways, aiding senior Australians to achieve their financial goals and objectives.
You remain the property title holder so you can continue to live in it and stay in your community.
A regular source of cash could supplement your income in your retirement.
A Lump Sum Payment may be used for maintenance or renovations on your home.
The Family Steward
You’ll have access to money for urgent needs, such as medical treatments or energy bills.
Some equity in your home could secure aged care accommodation until you sell or decide to leave your home.
You can refinance an existing mortgage so you can shorten its terms or obtain a lower interest rate.
What Type of ASAG Equity Release Is Right for You?
As no two situations are the same, there are various types of ASAG Equity Releases available to meet your specific needs.
Lump Sum Advance
Access the maximum amount of funds to pay off large expenses.
Increase your income by receiving fixed monthly payments. You can acquire payments for as long as you live in the home, or select the number of years to receive payments.
Cash Reserve or Line of Credit
Tap into a line of credit when you need it most. Use the cash reserve as a safety net for when unexpected expenses occur.
Contact our ASAG Home Equity Solutions specialist who can walk you through your options and help you to determine which option you think is best for you.
How an ASAG Equity Release Works
ASAG provides Australian borrowers with a quicker and more effective solution to access funds for their retirement.
Educate & Assess
Use the data and tools accessible on our site to find out if an ASAG Equity Release is right for you.
Estimate your borrowing capacity here.
Who qualifies for an ASAG Equity Release
- You must be at least 60 years old.
- You must own or almost own a property.
All applications will be subject to additional responsible lending assessment before receiving an outcome.
With our quick and easy application process, ASAG is readily available to assist you with what you need.
Get a Valuation
Complete a property valuation to finalise your credit limit based on the property’s value and application assessment.
Obtain Independent Legal Advice
Have your solicitors explain the proposed transaction, standard documentation used, and your obligations.
Speak to Family
An ASAG Equity Release can be a big decision for most applicants. This is why we encourage you to discuss the decision with your nearest and dearest before finalising your equity release.
Upon a complete application assessment and if approved, start living the retirement you deserve from the wealth you’ve created!