reverse mortgage home loans

It's time you got something back after years of loyal mortgage repayments. With a Reverse Mortgage from Bankwest, you can unlock money that you've been saving for years: the equity in your home.

At Bankwest, we believe that the hard work you put in to pay off your loan should be rewarded. Taking out a Bankwest Reverse Mortgage Loan will allow you to access the equity you have built up in your property and give you the financial freedom to spend your money. After all, you've earned it.

A Reverse Mortgage Loan, also called a Home Equity Loan, gives you access to the equity that you have accrued over time. Equity is the difference between the value of your home and the amount you owe on it. By the time you reach retirement, your equity could be a substantial pool of money just waiting to be spent.

Why take out a Reverse Mortgage?

  • Access the equity you've built up in your home
  • Competitive interest rate
  • Repayments are optional on this product

If you have spent most of your life working hard to pay off your mortgage, then you deserve to enjoy the fruits of your labour.

If you want to find out more about how you can benefit from a reverse mortgage, take a look at the Reverse Mortgage calculator to see how you can get the most out of your home loan.

Unlocking your equity could make all the difference to your finances and, if you're retired, how you spend your golden years. Use the Reverse Mortgage calculator to see what a Bankwest home equity loan can do for you.

Bankwest offers a Reverse Mortgage loan - the Seniors Equity Release Home Loan.

  • Seniors Equity Release Home Loan: This loan allows the borrower to access up to 25% of the value of the home. The money can be borrowed as a lump sum or withdrawn when needed - perfect for making the most of your golden years. Another bonus of the Seniors Equity Release Home Loan is that it requires no repayments during the life of the loan. All principal, interest, fees and charges are repaid when the property is sold or estate settled or 6 months after the death of the last borrower and with the No Negative Equity Guarantee, if the value of your home falls your estate will not have to cover the difference between the market value and what is owed.

© 2018 Copyright Bankwest, a division of Commonwealth Bank of Australia (Bankwest) ABN 48 123 123 124 AFSL / Australian credit licence 234945. All rights reserved. To use this Website, you are required to read the Financial Services Guide (which you agree to be provided by accessing the link). Bankwest is a division of Commonwealth Bank of Australia, which is the product issuer unless otherwise stated. Rates stated are subject to change without notice. Any advice given does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. For deposit and payment products, please ensure you read and consider the Product Disclosure Statement (which you agree to be provided through this link) before making any decision about the product(s). For lending products, lending criteria and fees and charges apply. Terms and conditions apply and are available on request.