How a home equity release loan compares to other options

A home equity release loan or reverse mortgage is not for everyone. When considering if a reverse mortgage might be right for you - it's important to think about the alternative funding options that might be available to you and whether these might suit your needs better.

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Alternative funding options

Regular home loan

Repayment — requires regular monthly repayments, which can be challenging when you have a fixed income or pension
Eligibility — if you need to apply to increase your home loan to cover expenses, you will need to provide proof of income
More cost effective — typically a regular home loan will have a lower interest rate than a reverse mortgage

Downsizing or selling your property

Moving — requires selling your current home, possibly buying a smaller one and missing out on potential property appreciation
Market conditions and selling costs — you may not get the desired price for your home depending on the market and you will incur selling and moving costs
Lifestyle changes — potentially moving away from your community and familiar surroundings

Personal loan

Repayment — requires regular monthly repayments, which can be challenging when you have a fixed income or pension
Interest rates — typically higher interest rates than a reverse mortgage as there is no security required
Borrowing limits — usually limited to smaller amounts than what you can access with a reverse mortgage

Superannuation or savings withdrawal

Impact on future — reduces the funds available for future needs
Tax implications — may have tax implications depending on the type of savings and withdrawal amounts
Growth potential — you lose the potential growth of these assets over time

Alternative funding options at a glance

Inviva's home equity release loans

Regular home loan

Personal loan

Downsize/sell property

Superannuation or savings

Speed of access to funds

Potential for continued asset appreciation/growth

Access funds without needing to move

Preserves funds available for future needs

No regular repayments required

No proof of income required

Why choose Inviva?

Expertise & support — Our team has years of experience and offers personalised support
Transparent costs — No hidden fees, and you know all costs upfront
Flexible options — Choose how you access the funds — as a lump sum, regular income payment or a line of credit, and enjoy the flexibility to repay early with no early repayment fees
Quick access — Fast approval and disbursement mean you get funds when you need them

Explore how a home equity release loan with Inviva can help you enjoy a more secure and fulfilling retirement. Contact us to explore your options.

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Free home equity release loan guide

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