What are equity release loans?
Sometimes called a reverse mortgage, an equity release loan is often used by retirees to access the equity in their home. Typically, you’ll need to be over 60 and own your home outright. An equity release loan allows you to access a lump sum or line of credit to support your lifestyle.
Your home of equity release loans
Along with numerous non-bank lenders, several of Australia’s major banks offer equity release loans. We’ll take you through all the options, compare the different loans and carefully explain their terms and conditions. Structured correctly, equity release loans can be a great option.
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