Rates

Reverse Mortgage Interest Rates

As specialist brokers, we’re accredited with all the leading reverse mortgage lenders in Australia.  

We work in your best interests, comparing the lender’s rates, other fees and charges, and all the features of each reverse mortgage loan to determine which one is right for you and your financial situation.  

We do all the running around, acting as an intermediary between you and the lender and most importantly, we’re here to guide and support you through the entire process.

Senior couple smiling on beach float.

Lender Rates and Fees*

Reverse mortgage interest rates
Comparison rate
Lender establishment fees
Lender discharge fees
Minimum loan amount (from) 
7.60% – 8.88%
7.63% – 8.91%
$900 – $1,900
Max $550
$5000

Comparing information and working out the best loan for you is not easy.  That’s where we can help!  Our custom-built Lender Assessment Tool analyses more than 500 data points to identify the best options to suit your needs and individual financial situation. 

*Comparison rate calculated based on a loan amount of $150,000 over a term of 25 years. Rates displayed are accurate as of 11 February 2026.  The information displayed is subject to change.

FAQs

There are many advantages to using a specialist broker. Firstly, they are qualified industry professionals who are familiar with all the current available loan products as well as the lenders. They have the tools and know how to explain how each loan works and what it costs (for example, interest rate, features, and fees). They are also bound by law to act in the best interests of borrowers when recommending any loan product, giving you added protection and piece of mind. They also do all the legwork, dealing with the lender, and managing the loan application process from start to finish.

If you are over 55, own (or largely own) your own home and live in a major Australian city or large regional town, you have already met some of the main eligibility criteria.

Interest on a reverse mortgage is calculated in the same way as interest is calculated on a normal home loan – calculated daily and debited to the loan account monthly. However, interest on a reverse mortgage compounds because you are charged interest on your interest and you are also charged interest on any fees and charges that have been debited (only with your authority to do so or as per the terms and conditions) to the loan over time. This means that the longer you have the loan, the greater the amount you will have to pay back to the lender when the house is sold.

No.

Australian borrowers are protected by law known as the No Negative Equity Guarantee (NNEG), and therefore cannot owe lenders more than their home is worth, regardless of what happens to the value of their property.