Reverse Mortgage Senior Home Equity Release Loan (SHERL)

You are covered when you need it most, with a Reverse Mortgage

What is a Reverse Mortgage?

A reverse mortgage is a special type of loan that can give you access to the equity you have in your home. Are you over 60 and own your home? You may wish to consider our Senior Home Equity Release Loan (SHERL) or reverse mortgage.

What are the benefits of a Reverse Mortgage?

The biggest benefit to a reverse mortgage is that although you are borrowing the money, you are not required to make repayments for the life of the loan. Instead the interest is capitalised onto the original loan amount and the balance of the mortgage is recovered by the lender from the estate. Voluntary repayments can be made through a variety of methods.

Other benefits include:

• Use the money for any personal or investment purpose
• Title remains in the home owner's name
• Money can be received in a lump sum, monthly payments cash reserve or both
• You are not required to live in the home
• No repayments required until title is transferred
• Protection available if you wish to leave an inheritance
• Independent legal advice required
• Choice of variable and fixed interest rate options

Mortgage Jet's "No Negative Equity Pledge"

Our No Negative Equity Pledge means if the sale value of your property does not cover the outstanding loan balance we will not ask you or your estate to make up the difference

Ann engages Reverse!

Finding her lifestyle diminishing in retirement, Ann discovered that Reverse Mortgages let her unlock her home equity - without having to make monthly repayments.

SOURCE: This video is wholly owned and produced by the Mortgage and Finance Association of Australia (MFAA).

Are you on Government Assistance?

There are special provisions for people who are on a Government assisted pension or benefit. To contact Centrelink and find out how a Reverse Mortgage could affect your Government assistance, please click here.

If you feel a reverse mortgage might be what you are looking for to manage your finances, then please Contact Us or Apply Now.

Some of the best Reverse Mortgage Lenders in Melbourne:

We will help you get a Melbourne Reverse Mortgage!

Loans & Mortgages from Mortgage Jet:

Mortgages | Home Loans | Home Equity Loans | First Home Loans | Refinance | Equity Finance Mortgages | Investment Loans | Reverse Mortgages | Bad Credit Loans | Credit Impaired Loans | No Doc Loans | Low Doc Loans | Business Loans | Commercial Loans | Personal Loans