You have the time, we’re here to ensure you have the money to enjoy it.
With our Seniors Equity Release loan you can free up your cash flow by unlocking the value you have built up in your home. You can take the money as a lump sum, or withdraw it in smaller amounts when needed. Book the cruise, order the convertible or just spoil the grandkids. It’s your money, you can spend it how you please.
The good news is that this time around, you don’t have to worry about repayments. The loan is repaid when your house is sold or your estate is settled.
More information about reverse mortgages can be obtained from the Australian Securities and Investments Commission (ASIC) consumer website (known as FIDO).
Please note ASIC does not sponsor or endorse Bankwest or this website or the content of any information produced by Bankwest and contained on this website. Further, Bankwest will not be liable for any loss or damage whatsoever resulting from any use of ASIC's website or the information contained in ASIC's website.
Comparison rate based on a loan of $150,000 for a term of 25 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
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