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What you need to consider?

Before you make any decision about applying for a Reverse Mortgage, we ask you to do a whole lot of talking.

  • We suggest you talk things through thoroughly with your partner or relatives and read all our available information

  • It is equally important to discuss how you believe a reverse mortgage will assist your life with your family members and any other beneficiaries. If you apply for a Reverse Mortgage product and are accepted, their inheritance may be affected and they may wish to assist you in your application process

  • We also require that you seek the independent, professional advice of a financial adviser. Your financial adviser will be able to weigh up the pros and cons of whether a Reverse Mortgage plan is the right move for you and which of the options available is most suitable.
    If you do not have a financial adviser we can locate one for you as part of the application process or please contact our Customer Service Line on 1 800 999 959 and we can help you.

  • You also need to consult with your own solicitor or legal adviser

  • If you are on a pension or receiving any government payments you should check with Centrelink to determine how taking out a reverse mortgage could affect your benefits