Who should I go to for a reverse mortgage in Australia?

Thinking about a reverse mortgage? Start here.

If you’re an older Australian considering a reverse mortgage, choosing the right adviser is just as important as choosing the right loan.

Reverse mortgages aren’t your standard home loans. They impact your:

• Retirement funding
• Centrelink entitlements (if you don’t structure them correctly)
• Long-term financial well-being
• Estate planning

That’s why it pays to work with someone who understands later-life lending — not just someone who can “get you a loan.”

What kind of professional can help with a reverse mortgage?

In Australia, you generally have three options:

1. General mortgage brokers

Some brokers offer reverse mortgages alongside traditional loans. But they may not be trained in:

• Centrelink implications
• Retirement income strategies
• Long-term equity impact

This can lead to incomplete advice (i.e. in relation to the loan structure) or limited product recommendations, as they might not be accredited with all the reverse mortgage lenders.

2. Banks and lenders directly

A few lenders offer reverse mortgages directly to consumers. This might seem convenient, but it limits your options to just one product — and it’s more sales-focused, not guidance-driven.

3. Specialist reverse mortgage brokers (like us)

This is where Your Home Equity comes in.

We specialise exclusively in reverse mortgages and equity-release lending for older Australians.
That means:

• We compare commercial reverse mortgage products
• We guide you through the pros, cons, and long-term impact
• We recommend alternatives — including the government’s HEAS — if a commercial loan isn’t suitable

We don’t work for banks, and we don’t push products.
We simply help you make informed, confident decisions.

What does a specialist reverse mortgage broker do?

At Your Home Equity, we:

• Assess whether a reverse mortgage is appropriate for your needs
• Compare available commercial reverse mortgage options
• Explain the structure, costs, and protections clearly
• Stay in touch after settlement, offering long-term guidance
• Refer you to Centrelink if a government scheme like HEAS may be better suited to your needs

When might a reverse mortgage be right for you?

You may want to explore a reverse mortgage if:

• You’re aged 55+
• You own your home (with or without a mortgage)
• You want to stay in your home long-term
• You need funds for aged care, renovations, medical expenses, or to relieve financial stress
• You want flexibility in how you access equity — lump sum, regular payments or reserve

When is it not the right fit?

A reverse mortgage may not be the best choice if:

• You only need a small top-up each fortnight
• You’re planning to sell or downsize soon
• Preserving home equity for beneficiaries is your main goal
• You want fixed, predictable costs

In these situations, we may suggest you explore the government’s Home Equity Access Scheme (HEAS). We don’t offer this product, but we can point you to Centrelink if it seems more appropriate for your needs.

The bottom line

Reverse mortgages can be a helpful financial tool — but only when the product suits the person.

The best decision comes from independent guidance that considers your goals, financial situation, and long-term future.

At Your Home Equity, we specialise in this. It’s all we do.

Book your free consultation today
Let’s talk about whether a reverse mortgage is right for you — or if there’s a better path forward.