Reverse Mortgage

Step 1: Enter your age and property value to see your current Maximum borrowing power, that is, how much you can borrow. Note that you never have to make a repayment on a reverse mortgage.

Step 2: You can choose to receive the amount you borrow as a lump sum, a monthly payment or a combination of both.

Step 3: It gets a little tricky here. You will need to enter an estimated property growth and interest rate if you want to see how you property value increases over time and how the remaining equity in your home decreases over time as the loan balance increases.

Contact Celeste on 0405081458 for a detailed explanation on reverse mortgages, or to discuss your situation and the best options to consider.