If you have worked hard your whole life and own your home, you deserve to be able to enjoy your retirement.
Unfortunately many retirees on a limited fixed income, self funded
superannuation or government pension find it impossible to enjoy
their retirement as they simply don't have enough money.
Rather than sell or down grade your home to fund your retirement, you can unlock the equity in your home with a Reverse Mortgage.
Unlike a traditional home loan you do not need to make any interest
repayments or principal and interest repayments. Interest is calculated
daily on the amount you borrow and is then capitalised (added
to) the amount you borrow. When you sell your home you pay back
the amount you borrowed plus the interest.
There are a range of reverse mortgage options available depending on your individual circumstances.
You can use a reverse mortgage for home renovations, holidays, update your car, supplement your income, eliminate debt, investment purposes or any other worthwhile purposes you desire.
Custom Finance are experts at finding you a reverse mortgage. Contact us today to find out how much you can borrow.
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