LOANS FOR THE OVER 60'S

Also known as a "reverse mortgage" whereby the over 60's can remain in their home as long as they like without having to make monthly loan repayments, and with the principal repaid on sale of the property or on the owners passing.

The main difference between the "equity release" loan and a standard bank loan is that the borrower(s) are not required to make repayments of principle or interest... but can do if they are able to/wish to (with that amount available as a redraw any time for any reason).

Has the option of lump sum to the borrower(s) at settlement or regular monthly payments over 10 years or a mixture of both.

Funds can be used for any reason what so ever... pay any accounts due now or in the future, allow for future medical bills, a holiday, loan to the kids, school fees for grandchildren, renovations or buy shares etc., or whatever reason you choose.

No proof of income required at all, no matter whether just pension/super etc - just a valuation of the security property.

Suitable for many older people who are asset rich but cash poor and wish to enjoy their retirement by using the equity in their home 'to live life to its fullest'.

• Available to anyone over 60 years of age with the amount dependent on age (the older you are the more you can borrow).

• NO - There is a "No Negative Equity Guarantee"- meaning the amount of equity release will NEVER exceed the value of your home.

• Call our accredited SEQUAL consultant now - Bruce Gent (toll free) 1800 466 356 
  
• or after hours on 0414 757 761
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