REVERSE MORTGAGE
- Home
- What is a Reverse Mortgage?
- Product details
- Is a Reverse Mortgage right for you?
- How do I get a Reverse Mortgage?
- Frequently Asked Questions
- Interest Rates and Comparison Rates
- Forms & Calculators
- Contact us
- Refer a friend
- News & Announcements
- Information for Introducers
Fees and Costs
ABN AMRO's Reverse Mortgage has No Ongoing Fees and Charges* *
| Fees and Costs | |||
|---|---|---|---|
| Valuation fee | $300; $550 for properties over $1m; on application for properties over $2m | ||
| Application fee | $700 | ||
| Monthly Account Fee | $0 | ||
| Monthly Drawdown fee | $0 | ||
| Flexible Drawdown fee | Nil (Minimum $1,000 per drawdown) | ||
| Duplicate Statement Fee | $0 | ||
| Loan variation fee | $250 (e.g. Change from variable to fixed rates or substitution of alternative property) | ||
| Break Fee | On Fixed Rate Loans. Payable only on voluntary repayment at cost. | ||
| Early Repayment Fee | Payable only on complete voluntary repayment on amount drawn
|
||
| Discharge fee | $250 | ||
| Stamp Duty | Payable at standard State rates - contact helpline for details | ||
| Solicitors fees | Payable direct to own solicitor at agreed cost | ||
* Unless the loan is repaid voluntarily in the first 5 years or you request a change to your loan.
Our Guarantee
Our Guarantee: what a Reverse Mortgage delivers and how it protects you.
How much can I borrow?
From $20,000 upwards.
No maximum limit.
Apply for a Reverse Mortgage
Click here to apply for a Reverse Mortgage.