🔍 How Does a Reverse Mortgage Work?
Unlike a traditional loan, you don’t make regular repayments. Instead:
- You borrow against your home equity
- Interest compounds over time
- The loan is repaid when you sell, move out, or pass away
You can take the funds as a lump sum, regular income, or line of credit—or a mix of all three.
🧓 Who Is Eligible?
- Australian homeowners aged 60+
- Must own the home outright or have significant equity
- Some lenders have postcode or property value restrictions
✅ Benefits of Reverse Mortgages
- Stay in your home while accessing funds
- No mandatory repayments while living there
- Use equity for aged care, travel, or living costs
⚠️ Considerations Before You Apply
- Interest compounds, reducing your future equity
- May affect Age Pension eligibility
- Not all lenders offer reverse mortgages
- You’ll need to repay the loan from your estate or sale proceeds
🤝 Is a Reverse Mortgage Right for You?
If you want financial flexibility without selling your home, this could be a powerful tool. We’ll help you understand the costs, risks, and alternatives—so you can make an informed decision.
Your home is your foundation. Let’s help it support your future.
👉 Contact Molomo Finance to learn more.
