Refinancing your existing mortgage
For seniors, refinancing an outstanding home loan while avoiding ongoing payments is possible with the A.S.A.G. Reverse Mortgage.
If you’re considering leaving the workforce, reducing your total work week or have moved into retirement and still paying your existing mortgage, required repayments may be consuming much of your available retirement income. It’s a common occurrence as an increasing number of Australian seniors carry mortgage debt into retirement. But, there are options available for you.
You can refinance your outstanding home loan by accessing your locked away property wealth with an Equity Release option provided by ASAG. With ASAG, you can access this home equity via the A.S.A.G. Reverse Mortgage. By unlocking the wealth that’s been built up in your home to refinance your existing debts, you also have the benefits of retaining full ownership, no negative equity guarantee and lifetime occupancy. All these benefits without having to make regular repayments.
A.S.A.G. Reverse Mortgage offers solutions
Utilise your A.S.A.G. Reverse Mortgage through a number of ways, from Senior Refinancing to becoming the Bank of Mum and Dad.
Refinancing for retirees with an existing mortgage.
Cover aged care, medical, or dental.
Increase your retirement income to cover your daily expenses.
Repay your debts in a lump sum.
Age in place through In-Home Support.
Funding for home maintenance and renovations.
Take a cruise around Australia or abroad.
Pay for your next local or overseas travel and holidays.
Funding for car repairs or purchasing a new vehicle.
Gifting funds to your family when they need it most.
Frequently Asked Questions
Refinancing an existing home loan via a reverse mortgage frees up your cash flow and improves your long-term retirement funding. You have the option to make regular interest repayments or pay off the loan only when it’s time to sell or leave your home. A.S.A.G. makes sure that consumer protections, such as Lifetime Occupancy and No Negative Equity Guarantee, are part of your Senior Refinancing.
Your home holds many memories of raising your kids and establishing a family unit. It has also represented you in a community you’ve been part of for so long. It’s understandable that ownership of your home for as long as you live is something to aspire to in retirement.
Downsizing into a smaller place, like a retirement village, can result in radical change and interrupt your life. By using A.S.A.G. Reverse Mortgage, one of the more effective refinancing options for 60 and above, you can refinance an outstanding home loan instead of downsizing.
Consider these key points in refinancing an existing home loan with A.S.A.G. Reverse Mortgage:
1. Flexible repayments
With our reverse mortgage, you don’t have to make repayments regularly as you’re not required to. However, you may repay partially or all of it at any time without penalty.
2. Free up your retirement income
Because you are not required to make regular payments, your income can be redirected to other important purposes.
3. Lifetime Occupancy
An A.S.A.G. Reverse Mortgage can be a responsible and long-term retirement solution. It comes with consumer protections, including lifetime occupancy, which guarantees you age in place.
Use our A.S.A.G. Reverse Mortgage Calculator or call us on 1300 002 724 to talk about your Senior Refinancing plan. Learn how utilising your reverse mortgage could improve your income in retirement so you can Live The Life You’ve Earned.
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