We listen, we care
Reverse Mortgage Australia
-
Reverse Mortgage Australia: Unlock the Value of Your Home Without Selling
Stay in Your Home. Strengthen Your Retirement. Access Your Equity Safely.
Retirement should be a time of comfort—not financial pressure. But with the rising cost of living, healthcare expenses, and limited superannuation, many Australians are searching for ways to improve their financial stability. If you’re 55 years or over and own your home, a reverse mortgage may offer the freedom to access your home equity without needing to sell or move.
A reverse mortgage is not just a financial tool—it’s a path to peace of mind, independence, and a more secure retirement.
-
What Is a Reverse Mortgage?
A reverse mortgage is a specialised equity-release loan that allows Australian homeowners aged 55+ to access money tied up in their property. You remain completely in control—you keep ownership, continue living in your home, and choose how the funds are used.
No regular repayments are required. Instead, the loan and interest are repaid later—usually when the home is sold, when you move into aged care, or when your estate finalises your affairs. You can take the money as a lump sum, income stream, or flexible line of credit.
A reverse mortgage offers flexibility, dignity, and financial breathing room during your retirement years.
-
How a Reverse Mortgage Works
A reverse mortgage is available to homeowners aged 55 or older who own their property outright or have only a small mortgage remaining. The amount you can borrow depends on your age and the value of your home—typically, the older you are, the more equity you can access.
Unlike a traditional home loan:
- No regular repayments are required
- Interest compounds over time and is added to the loan balance
- You remain the legal owner of your home
- You can stay in your home as long as you wish
When the property is eventually sold, the loan is repaid from the sale proceeds, and any remaining equity goes to you or your estate.
This helps retirees access additional income while maintaining lifelong housing security.
-
How to Apply for a Reverse Mortgage
Applying for a reverse mortgage is a structured and supportive process:
- Initial conversation
You speak with a qualified adviser or mortgage specialist about your financial goals, retirement plans, and how a reverse mortgage could support you. - Eligibility and borrowing assessment
Your age, home value, and financial position are reviewed to estimate your borrowing capacity. - Property valuation
A professional valuation confirms your home’s worth and determines your final loan amount. - Loan offer and legal advice
You receive a clear, transparent loan offer outlining interest rates, fees, and how the loan works over time. Independent legal advice is required for your protection. - Loan approval and funds released
Once approved, funds are released in the way that best supports your lifestyle—lump sum, ongoing income, or line of credit.
- Initial conversation
-
The Process with Intellichoice Brokers
Choosing a reverse mortgage is a significant decision, and at Intellichoice we guide you with care, clarity, and genuine support.
We take time to understand your goals, concerns, and future plans. Our team assesses your eligibility, explains your options in plain English, and ensures you feel confident at every step.
Intellichoice manages the entire application process—organising valuations, gathering documents, and securing suitable loan options from trusted lenders. You are never rushed or pressured.
Once your loan offer is ready, we walk you through it carefully and help you obtain the required independent legal advice. After approval, you receive your funds in the way that best supports your retirement—while staying in the home you love. -
Why Choose Intellichoice for Your Reverse Mortgage?
Selecting the right broker is crucial when considering a reverse mortgage. Intellichoice offers a unique blend of experience, knowledge, and genuine understanding that sets us apart.
- Over 25 Years of Trusted Experience
With more than two decades in the mortgage and finance industry, Intellichoice brings deep expertise and reliable guidance to every client. We’ve helped thousands of Australians navigate complex lending situations with confidence.
- Strong Financial Planning Background & Estate Understanding
Our roots in financial planning give us a strong understanding of estate planning, inheritance considerations, and long-term family outcomes. We help you make decisions that support both your financial needs today and the legacy you want to leave behind.
- Compassionate Understanding of the Needs of Ageing Australians
We recognise the challenges older Australians face—from rising living costs to health concerns and the desire to stay in their own home. Our approach is patient, respectful, and centred around your wellbeing.
- Expertise in Construction, Renovations & Granny Flats
Many homeowners use reverse mortgages to renovate their home, make accessibility improvements, or build a granny flat. With our long history in construction lending, we can guide you through costs, planning, feasibility, and the best loan structure for your goals.
- Strong Compliance History With Australian Regulators
Intellichoice has a proven track record of meeting and exceeding the compliance requirements set by Australian financial regulators. Every step of our process is transparent, ethical, and aligned with best-practice industry standards. Your safety and protection come first.
With Intellichoice, you receive expertise, empathy, and a high level of care—making us one of Australia’s most trusted reverse mortgage brokers for clients aged 55+.
-
Things to Consider Before Getting a Reverse Mortgage
A reverse mortgage can be a powerful financial tool, but it’s important to understand how it may affect your long-term plans:
- Interest compounds, meaning the loan increases over time.
- Borrowing at age 55+ may leave less equity available later.
- Your Age Pension or government benefits may be impacted depending on how funds are used.
- Fees apply, including setup, valuation, and legal fees.
- Your estate may receive a smaller inheritance, depending on how long the loan is active.
For these reasons, we strongly recommend seeking both independent legal and financial advice before proceeding.
Intellichoice is here to help you understand the full picture so you can make the decision that feels right for you and your family.
-
intellichoice
Frequently Asked Questions
Will I still own my home?Yes. You remain the legal owner for as long as you choose to live there.
Are reverse mortgages safe in Australia?Yes. Australian reverse mortgages include important protections, including “no negative equity” guarantees with most lenders.
How much can I borrow?This depends on your age (55+) and your home’s value. Older borrowers can access more equity.
Will it affect my pension?It may. We explain how your borrowing choices could impact Age Pension eligibility.
Can I choose how I receive the funds?Yes—choose a lump sum, ongoing income, or line of credit.
What happens when I pass away?Your home is sold, the loan is repaid, and the remaining equity goes to your estate.
Do I need legal advice?Yes—independent legal advice is required to protect your interests.
-
Speak With a Trusted Reverse Mortgage Specialist
Whether you’re exploring your options or ready to improve your retirement income, Intellichoice is here to help. Our team provides honest guidance, clear explanations, and a caring approach from start to finish.