Is a reverse mortgage the right solution to meet your needs?
Reverse mortgages for seniors can be a great option for many people. It lets you access funds tied up in your home or investment property without needing to sell the property, when you might not be ready.
What is a reverse mortgage?
A reverse mortgage is a loan that lets you access the equity in your home. You don't have to make regular repayments, and you can stay in your home. The loan is repaid when you sell the property, move out (where the security property is the home you live in), or pass away.
Who can benefit from a reverse mortgage loan?
- Homeowners 55 and over — if you’re 55 or older, a reverse mortgage could help you access funds tied up in your home
- Retirees — it’s perfect if you want extra income to supplement your retirement
- Those with unexpected expenses — if you face unexpected costs, a reverse mortgage provides quick access to funds
- People who want to stay in their home — if you love your home and don’t want to move, this loan lets you remain in your home while providing access to funds for other needs.
How does a reverse home mortgage work?
- Accessing funds — you can take the money as an upfront lump sum, regular income payments, as a line of credit, or a mix of these
- No regular repayments — you don’t have to make monthly repayments. Interest adds to the loan balance over time
- Loan repayment — the loan is paid off when you sell the property, or the last remaining borrower moves out or passes away. You can also repay the loan at any time and there are no early repayment charges
Benefits of a reverse mortgage
- Immediate access to funds — quickly access the equity in your home without needing to liquidate other assets, which is useful for sudden and unexpected expenses
- Stay in your home — keep living in the home you love without selling it
- Financial flexibility — use the money for anything—aged care, medical bills, home improvements, or travel
- Preserve retirement income — maintain your other income streams, such as superannuation, pension payments or investment income, while accessing funds from your home
- No monthly repayments — there are no regular repayments required
- Safety net — provides financial security by allowing you to draw funds only when needed and paying interest only on the amounts drawn
- Government protections — enjoy protections like the ‘no-negative equity guarantee,’ ensuring you never owe more than your home’s value
Things to consider
- Interest costs — over time, the interest adds up and increases the loan balance
- Impact on inheritance — the amount your heirs inherit may be less
- Age and property value — how much you can borrow depends on your age and your home's value
Is a reverse home mortgage right for you?
You should always consider your financial needs and goals before taking out any loan. A reverse mortgage in Australia can provide security, freedom, and comfort in retirement and it’s an option worth exploring if you want to stay in your home while accessing part of its value.
If you are unsure about how a reverse mortgage might impact your long term financial goals we recommend speaking to a financial advisor or other trusted expert .
If you are unsure about how a reverse mortgage might impact your long term financial goals we recommend speaking to a financial advisor or other trusted expert .
Am I eligible for a reverse mortgage?
Simple Criteria
- Eligibility is straightforward — you must be 55 or older and own a home in Australia
- Don’t worry if your home isn’t fully paid off — provided you can pay out the existing mortgage with your new loan, our reverse mortgage could free you from the burden of ongoing monthly mortgage repayments
We welcome both Australian citizens and permanent residents, including NZ citizens with a Special Category Visa.
It’s Easier Than You Think
At Inviva, we recognise each client's unique circumstances and are committed to helping you unlock your financial potential comfortably and confidently
- No proof of income needed — we accommodate a variety of property types and do not require proof of income
- Fast and secure digital application — our reverse mortgage application takes less than 30 minutes and lets you securely provide your financial information quickly and seamlessly
- Personalised support — contact us for an obligation-free consultation to guide you through the application step by step
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.
Frequently Asked Questions
What is a reverse mortgage in Australia, and how does it work?
Who can apply for a reverse mortgage loan for seniors?
How much can I borrow with a reverse mortgage in Australia?
Do I have to make repayments on a reverse mortgage?
What are the risks of a reverse mortgage for seniors?
