#reversemortgage

Moving closer to family – Without selling out

Welcome to our new blog series, 101 Uses for a Reverse Mortgage, where we highlight the real-life ways, Australians are using reverse mortgages to solve practical financial challenges — and create freedom in retirement.

This week, we look at a client who wanted to move to regional Victoria, to be closer to her family. She had sold her Brisbane home for $750,000 and planned to purchase a new home in country Victoria for the same price — a like-for-like move.

But there was a complication: She still had an outstanding home loan to clear, plus credit card debt and additional costs like stamp duty and moving fees. She also wanted a small cash reserve as a safety buffer for unexpected expenses.

Read More Moving closer to family – Without selling out
HEAS vs Reverse Mortgages: What’s the best way to unlock your home’s equity in retirement?

As retirement stretches longer and living costs rise, more Australian homeowners are looking for ways to free up cash without selling their home. Two increasingly popular options are the Home Equity Access Scheme (HEAS) and a commercial reverse mortgage. Both let you access the wealth (equity) in your home without the need to sell — but they’re very different products, with different benefits, costs, and risks. Here’s what you need to know before making a decision.

Read More HEAS vs Reverse Mortgages: What’s the best way to unlock your home’s equity in retirement?
What is protected equity in a reverse mortgage?

When considering a reverse mortgage, many retirees want to ensure that a portion of their home’s value is preserved for their future needs or for their family. Protected equity is a feature that allows you to do just that. In this article, we’ll explore how protected equity works, its benefits, and whether it’s the right choice for you.

Read More What is protected equity in a reverse mortgage?
What is a cash reserve in a reverse mortgage?

A reverse mortgage is a powerful financial tool for retirees looking to unlock the wealth in their home without selling. But what if you don’t need all the funds right away? That’s where a cash reserve comes in. In this article, we’ll break down how a cash reserve works, its benefits, and what to consider when using this feature in a reverse mortgage.

Read More What is a cash reserve in a reverse mortgage?
Lifetime occupancy with a reverse mortgage: What you need to know

For many Australians aged 55 and over, the ability to stay in their home for life is a top priority when considering a reverse mortgage. Fortunately, lifetime occupancy is a built-in protection that ensures you can continue living in your home for as long as you wish—without fear of being forced to sell or move out.
In this article, we’ll explore what lifetime occupancy means, how it works, and why it provides security and peace of mind for retirees.

Read More Lifetime occupancy with a reverse mortgage: What you need to know
Buying a new home with a reverse mortgage: A game-changer for retirees and industry

For many older Australians, homeownership in retirement can feel out of reach. Limited income and traditional loan barriers often mean renting or downsizing in ways that don’t align with their ideal lifestyle. But there’s another option—using a reverse mortgage to purchase a new home.

Most people think of reverse mortgages as a way to unlock equity in an existing home, but they can also be a powerful tool for buying a new property—without the burden of monthly repayments.

✅ More housing flexibility for retirees
✅ New opportunities for brokers, lenders & real estate professionals
✅ A smarter approach to securing financial independence

Read More Buying a new home with a reverse mortgage: A game-changer for retirees and industry
What we learnt about over-60s Australians in 2024: Trends, insights, and key statistics

In 2024, Australia’s population of over-60s navigated a transformative period driven by longer lifespans, shifting retirement paradigms, and increasing financial pressures.

Here’s a quick look at the trends, statistics, and movements that define the retirement and financial landscape for Australians aged 60 and above in 2024.

Read More What we learnt about over-60s Australians in 2024: Trends, insights, and key statistics
Retirement: A new vision in the face of change

As we approach the mid-2020s, retirement has transformed from a straightforward notion of leaving the workforce to a complex and evolving stage of life. Shaped by rising costs, shifting cultural perspectives, and longer life expectancies, the new retirement landscape presents both inspiring opportunities and serious challenges for Australians. Here’s a look at how these factors are redefining retirement, and what they mean for older Australians aiming to secure a fulfilling future.

Read More Retirement: A new vision in the face of change
Will a reverse mortgage impact my Centrelink payments?

Many Australians aged 60 and over are turning to reverse mortgages to access the equity in their homes, providing them with the financial flexibility to enjoy their retirement without selling their property. However, a common concern is whether taking out a reverse mortgage will impact Centrelink benefits such as the Age Pension.

Read More Will a reverse mortgage impact my Centrelink payments?
Why can’t I borrow against my land lease, retirement or lifestyle village property?

If you’re living in a land lease or lifestyle village community and are considering a reverse mortgage to access the equity in your home, you may be surprised to learn that reverse mortgage lenders generally won’t approve these types of properties for a loan. So, why exactly can’t you borrow against your land lease or lifestyle village property?

Read More Why can’t I borrow against my land lease, retirement or lifestyle village property?