How much can I borrow with a reverse mortgage?

The amount depends on your age, the value of your home, and the lender’s policy. Typically, the older you are, the more you can borrow.

Do I have to make repayments on a reverse mortgage?

No regular repayments are required. The loan is repaid when you sell the property, move into aged care, or pass away.

Can a reverse mortgage affect my Age Pension?

Yes. Accessing funds may affect Age Pension entitlements. Always seek financial advice before proceeding.

Reverse Mortgages in Australia

At Brampton Finance, we understand that many Australians reach retirement age with a valuable home but limited cash flow. A reverse mortgage allows you to unlock the equity in your home to fund your lifestyle, healthcare, or other expenses—without selling your property.

As a trusted mortgage broker, we work with leading lenders who offer reverse mortgages and can help you compare options, understand the risks, and secure the right solution for your needs.

What is a Reverse Mortgage?

A reverse mortgage is a type of loan that lets you borrow against the value of your home while continuing to live in it. Unlike a traditional home loan, you don’t make regular repayments—the loan (plus interest) is repaid when the property is sold, usually when you move into aged care or pass away.

It’s regulated under ASIC’s reverse mortgage protections, ensuring transparency and consumer safeguards.

Benefits of a Reverse Mortgage

Stay in your home while accessing funds.
Flexible access: choose lump sum, regular payments, or a line of credit.
No negative equity guarantee: you’ll never owe more than the value of your home (protected by law).
Improved retirement cash flow without selling assets.

Things to Consider

Interest compounds over time, increasing the amount owed.
Reduces your home equity, which may affect inheritance.
Impact on pensions: may affect Centrelink entitlements.
Legal & financial advice recommended before proceeding.

How Brampton Finance Can Help

As a mortgage broker, Brampton Finance provides independent guidance. We:

Compare reverse mortgage lenders and loan structures.
Explain the costs, risks, and obligations.
Help you access independent legal and financial advice.
Support you through the application process.

Our goal is to ensure you make an informed decision that aligns with your retirement and family goals.

FAQs About Reverse Mortgages

1. Who is eligible for a reverse mortgage?
Generally, borrowers must be 60 years or older and own their home outright or with a small mortgage.

2. How much can I borrow?
The amount depends on your age, the value of your home, and lender policy. Typically, the older you are, the more equity you can access.

3. Do I have to make repayments?
No regular repayments are required. The loan is repaid when you sell, move into aged care, or pass away.

4. Will I lose ownership of my home?
No. You remain the legal owner of your home and can live in it as long as you like, provided you meet the loan terms.

5. Can a reverse mortgage affect my pension?
Yes, accessing funds may impact your Age Pension entitlements. It’s important to get advice.