Reverse Mortgages
A home loan for older homeowners that lets you access your property’s equity without selling. It allows you to unlock some of your home’s value to support retirement, cover medical costs, fund renovations, or help family—while continuing to live in your home.
How a Reverse Mortgage Works?
Unlike a standard home loan, you don’t make regular repayments. Instead, interest is added to the loan balance over time. The loan is usually repaid when the property is sold, you move into aged care, or pass away.
Reverse mortgages in Australia are generally available to homeowners aged 60 and over. The amount you can borrow depends on your age and the value of your property. Older borrowers are typically able to access a higher percentage of equity, referred to as the Loan-to-Value Ratio (LVR). LVRs usually start lower (around 15–20%) and increase with age.
Key Considerations
Because interest compounds over time, the loan balance grows. It’s important to understand how this affects the remaining equity in your home—the longer the loan runs, the more interest accrues.
Funds can typically be taken as:
A lump sum
Regular payments
A line of credit
Or a combination of these, depending on the lender and your needs.
Is a Reverse Mortgage Right for You?
How White Willows Finance can help
Reverse mortgages can be a valuable strategy in the right circumstances, but they’re not suitable for everyone. They may affect Age Pension entitlements and reduce the inheritance left to beneficiaries.
It’s important to seek financial and legal advice before proceeding to ensure you fully understand the long-term implications and how it fits with your broader retirement plans.
At White Willows Finance, we help you navigate the complexities of reverse mortgages with confidence and clarity. We:
Explain all available options and loan structures
Help you understand the impact on your equity, pensions, entitlements, and estate planning
Work with your financial and legal advisers to ensure decisions align with your retirement goals
With our guidance, you can make well-informed decisions and access your home equity safely, comfortably, and strategically—helping you enjoy greater financial flexibility in retirement.
Additional Services
Residential Mortgages
Reduce costs, access equity, or secure a loan that better suits your current needs.
Investment Properties
Construction Loans
Bridging Loans
SMSF Lending
Investment property finance works differently from owner-occupied home loans.
Looking to build your dream home?
Why wait? Secure your new home before your current one sells.
With an SMSF loan, your super fund can finance the purchase of property.
Refinancing
Reduce costs, access equity, or secure a loan that better suits your current needs.
Contact Us
(03) 6411 1166
info@whitewillowsfinance.com.au
Monday to Friday 9am to 5pm
White Willows Finance Group is a credit representative (576415) of Finsure Finance & Insurance Pty Ltd (ACN 068 153 926) Australian Credit Licence (ACL) number 384704.
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