Are you thinking about releasing some of the value in your home via a reverse mortgage? Or perhaps you’re considering the Bendigo Bank seniors equity release option? Maybe you already have an equity loan, but are worried you’re paying too much?
We can help with our FREE on-line Loan Check service, exclusive to Reverse Mortgage Watch (see below).
When it comes to reverse mortgage and senior’s equity release, there are key two factors that will largely determine your future security, and the amount of equity you will retain for later (or leave to family):
- WHO you transact with.
Your choice of bank or lender is probably THE single most important decision you will make. Are they safe? Do they have protections for you built into their contract? Also, the substantial difference in the rates and fees charged by the different lenders means that the wrong choice of lender could cost you many thousands of dollars extra.
- HOW you structure your equity release loan.
This is also extremely important. There are a number of simple strategies you can employ to significantly reduce the overall interest charge. Why pay more than you need to?
For confidential help with your situation, or an assessment on your current reverse mortgage or seniors loan, please complete the form below. Alternatively call us on 1300 745 745.
Please give as much information as possible so that we can make a proper assessment. (In some cases we may need to contact you for further details). The standard response time for Loan Check is less than 24 hours.