Reverse Mortgage Loans

Which Reverse Mortgage Loan Is Right For Me?

These loans are most suitable for retirees who own their home, but are looking to release cash. Unlike a traditional mortgage, there are no periodic repayments required, but there are interest charges that are accumulated against the outstanding loan balance. The loan generally doesn't have to be repaid until the property is sold or the owner dies.

Through FinanceMe, we can specifically design a custom mortgage loan quote from the top three offers from our panel of lenders. FinanceMe will do the searching around for you!  Our consultants use their expertise and experience in the home loan market coupled with a unique computer software program that enables us to compare hundreds of loans in a matter of minutes 

Your Reverse Mortgage Loan Quote Features Include:

• No Credit Check – get a free quote without an enquiry on your credit file
• Customized pricing setting out all terms & conditions of each lender
• You Choose from Top Three Offers
• Detailed costing of monthly repayments stamp duty, mortgage insurance and any other fees payable.

Product Matrix:

• Maximum Loan Value (age dependent)
• Good Credit Required
• Interest Only
• Fixed or Variable
• Available for owner occupied & Investment

Advantages:

• Interest capitalised
• Asset based lending
• No tax returns.
• No financial statements.
• Can Access equity in home.

Disadvantages:

• Generally a higher interest rate.
• Reduces the equity in your home