Reverse Loan for Retirees
A reverse mortgage allows pensioner and retirees to access the equity in owner occupied home, providing the financial flexibility to enjoy a more comfortable retirement. The loan product could help mortgagees cash out and use the loan for varied purpose without any loan repayment until the end of loan term.
Some of benefits include:
Keeping living in the family home and enjoying the community
Keeping an ownership of your home while also taking advantage of any potential increase in its value.
Flexible drawdown options and voluntary repayment available.