Why Choose A Lump Sum?
At ASAG, we can offer older Australians the ability to access bigger funds in loan proceeds with a Lump Sum. It is your best option if you’ve been wanting to renovate your home, buy a new car, go on a holiday or repay other debts.
The amount you can receive will depend on three factors: your age, the value of your property, and location of your property.
Withdraw A Bigger Fund
Access more equity and draw down available proceeds in one lump sum at settlement.
Your Lump Sum amount is paid to you at the start of your loan. Future funds can be received either through Regular Installments or a Cash Reserve / Line of Credit.
Eliminate Monthly Mortgage Payments
You remain the owner of the home and on the registered title. Just continue to take care of property taxes, insurance, and keep the home in good shape.
Who is a Lump Sum Good For?
If you own a property and are considering accessing your home equity, a Lump Sum could be a great choice to help boost your financial situation in retirement.
Just like other loans, you can use the proceeds to pay off huge expenditures.
Do you want to tap into your equity that you’ve been investing in your home for years? Use the Lump Sum or monthly payments to add to your income.
Has the value of your home grown over the years? You deserve access to your home equity to ensure a stable and secure retirement.
What’s the Qualification for the Lump Sum?
We at Australian Seniors Advisory Group (ASAG) pride ourselves in our commitment to guiding you through each phase of our loan process. We make it our priority to fully understand your needs.
The best way to determine whether a Lump Sum is right for you is to sit down and talk to our ASAG consultants to understand each of the products allowing you to decide which option suits your specific situation.
A borrower must meet the following requirements to qualify:
- 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.