Reverse Mortgage

Reverse Mortgage

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Reverse home loans are available in Australia for persons aged 60 and older and are secured by equity in their home, vacation home, or investment property. They can be used for any purpose and do not need repayment for the life of the loan.

In essence, you are not required to repay this type of loan until you sell your house or the last remaining borrower dies. The title to the house will remain in your name, and depending on your circumstances, you might receive your money in a variety of ways.

How does a Reverse Mortgage Work?

A reverse mortgage, like a forward mortgage, is secured by the home. When the homeowner sells his or her home or dies, the proceeds go to the lender to settle the reverse mortgage’s principal, interest, mortgage insurance, and fees. Any excess selling revenues go to the homeowner (if still alive) or the homeowner’s estate (if the homeowner has died). In rare circumstances, the heirs may elect to pay down the mortgage to maintain the home.

To be eligible for a reverse mortgage in Australia:-

Loan size and cost of reverse mortgages

In Australia, reverse mortgages can be as much as 50% of the property’s worth. Several factors influence the actual amount of money available (loan size):


Got questions? Find answers to some of the most commonly asked questions about our financial solutions, processes, and services to help you make informed decisions.

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Discover how we’ve helped our clients navigate their financial journeys with personalized solutions. Read their stories of success and empowerment below.


At Reliiance Financial Solutions, we have been privileged to have worked with hundreds of remarkable individuals and families.

Very few things come close to receiving their genuine appreciation of our services. All we can say in return is – the pleasure was all ours.

It is also our pleasure to share some client testimonials with you. Please click on Video Testimonials to view them all. Use the buttons at the bottom of the screen to navigate through the videos.

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