Skip to main content

Clear information. Honest answers about reverse mortgages.

Reverse Loans
Contact
Size

0 real stories and 0 common questions about Australian reverse mortgages

Is a reverse mortgage right for you? Get honest answers before you decide.

Real stories from Australian homeowners, plain-English answers to the hard questions, and a qualified broker when you're ready.

Read real stories Get my questions answered

Or speak to a broker

We publish stories and answers, and if you ask, we pass your details to a licensed broker. How we make money.

A simple path, at your own pace

Three steps. You can stop at any of them.

  1. 1

    Read real stories

    See how it went for other Australian homeowners: good, bad and still unfolding.

    Browse the stories
  2. 2

    Get your questions answered

    Plain-English answers about the pension, your family, aged care and more.

    Find an answer
  3. 3

    Speak to a broker if you'd like help

    Only when you're ready. Free, with no obligation to go ahead.

    Request a call

Real stories

The bad experiences sit right beside the good ones.

See all 0 stories

0 stories gathered from public discussions. Every story is linked back to its original source.

Most asked

    All 0 questions

    How reverse mortgages work, in 60 seconds

    You don't make repayments. That's why the balance grows.

    Interest is added to the loan each month, and then interest is charged on that interest too. Over 10 or 20 years the amount owed can become much larger than the amount you borrowed. It's usually repaid when the home is sold.

    See the full explanation Try the calculator
    Illustrative numbers onlyNot a quote and not a current interest rate.
    $0$452K$904K$1.4M$1.8MStart5 yrs10 yrs15 yrs20 yrs25 yrsWhat you borrowed
    If you borrowed $100,000 and made no repayments, at an example rate of 8% a year the amount owed after 15 years would be about $330,692. This simple illustration compounds monthly, with no fees or further withdrawals. Your real figures depend on the lender, the rate and fees. To try your own example figures with monthly interest, home value and fees, use our projection calculator.

    When you'd like to talk it through

    Ask a broker to call you. No obligation, no pressure.

    Only when you're ready. A broker can go through your questions, with family on the call if you like, and may tell you a reverse mortgage isn't right for you.

    Ask a broker to call me How we make money
    1. 1Send a short formNo age, income or property questions.
    2. 2The broker phones youAt the time you choose, with family on the call if you like.
    3. 3Talk it throughNothing is signed. You can stop at any point.