Wouldn’t it be great if you could use the equity in your home to fund the things most important to you?
With a Reverse Mortgage you can do just that. Our Team at Finance Brokers of Tasmania are capable of assisting you with your application. You can unlock your wealth and turn your bricks and mortar into a cash resource to fund the lifestyle you’d like to live.
Having ready access to your equity can also mean not having to compromise on things you really need or worry about those unexpected emergencies. Those who are enjoying the benefits of a Reverse Mortgage through Finance Brokers of Tasmania have used their funds for many reasons. Some of the common purposes for the funds include:
– Property renovations and maintenance
– Health care
– Paying off credit card bills
– A new car
– Education costs for the grandchildren
– Paying out an existing mortgage
– An overseas holiday
The benefit of a Reverse Mortgage is that the choice is entirely yours. Unlike standard loans there are no regular repayments of either interest or capital during the course of the loan. In fact, unless you decide to voluntarily pay out the loan, there is nothing to pay until you move out of and sell your home, or after your death (or the death of your surviving nominated partner).
If you’re over 60 you could be eligible for a reverse mortgage. Our reverse mortgage specialists are available to help you today.