FAQs

Frequently Asked Questions

Below you will find answers to the questions we hear the most.  If you can’t find what you are looking for here or elsewhere on our website, please contact us and we’ll be happy to help you. 

We work with all the major reverse mortgage lenders in Australia including Heartland Bank, Household Capital, Inviva and Brighten.

Your Home Equity is government-regulated, and fully licensed as a Corporate Credit Representative (No. 530659) of QED Services Pty Ltd trading as Pursuit Broker Services, Australian Credit Licence 387856, ACN 147 272 295.

We operate as a fee-for-service business. This means we charge a fee for our expert guidance and the management of your loan application – but only if we get a loan approved for you AND you decide to proceed with that loan. If you change your mind and decide not to go ahead, then we will charge you zero. That’s our No Loan, No Fee Guarantee. We will always disclose our fees and all other fees associated with the loan upfront prior to you committing to a reverse mortgage. Our intial consultations are 100% free and obligation free.

The banks and lenders can only sell you their products. As specialist brokers, we have access to all the leading Australian reverse mortgage providers and a wide range of products. We specialise in helping find the loan that best fits your situation and long-term goals.

Yes. We provide our mortgage broking services to clients across Australia via phone and video call.

Yes, if you are based in Perth! We love meeting our clients face-to-face at our East Perth office.

To get started, we need to know the age of all the borrowers, the property address and type (e.g., house, unit, strata), and an overview of your individual situation and what you would like to achieve.

From initial consultation through to settlement, reverse mortgages typically take between four and six weeks.

Mortgage valuations are different to market appraisals for a property sale. Mortgage valuations are based on a conservative value that the lender believes they could achieve quickly and reliably should they ever need to sell the home (i.e., worst-case scenario). Market appraisals by real estate agents are based on the best price they believe they could achieve if they were to sell the property in the current market.

*Terms and conditions apply and you will have responsibilities that you are required to meet under the contract. 

Reverse Mortgages

What is a reverse mortgage, and how does a reverse mortgage work? Discover our Reverse Mortgage FAQs.

Reverse Mortgage FAQs

Home Equity

What is the difference between a home equity loan and a reverse mortgage, and how much equity can I access from my home?

Home Equity FAQs

Debt Consolidation

Can a reverse mortgage eliminate my monthly debt repayments, and what types of debt can be consolidated on a reverse mortgage?

Debt Consolidation FAQs

Home Loan Refinance

Why should I refinance my mortgage if I am retired, and how does refinancing with a reverse mortgage differ from regular refinancing?

Mortgage Refinance FAQs