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Equity Release via a Reverse Mortgage

Flexibility and Peace of Mind in Retirement

"At Key Choice Lending, we help retirees unlock the value of their homes through Equity Release, also known as a Reverse Mortgage. This solution allows homeowners aged 55+ to access their home's equity without needing to sell, providing comfort and security throughout retirement."

Is Equity Release Right for You?

"If you’re seeking to boost retirement income or manage large expenses while maintaining the security of home ownership, we’re here to guide you toward the best financial solution tailored to your needs."

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How Australians Are Using their Reverse Mortgages

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  • Debt Consolidation (simplify debt and enjoy life)
  • Home Improvements (future-proof your home)
  • Support Your Family (help your children or grandchildren)
  • Day-to-Day Expenses (supplement income effortlessly)
  • Visit Family and Friends (travel to see loved ones)
  • Car Purchase (maintain or upgrade your vehicle)
  • Medical and Healthcare (cover healthcare needs)
  • Travel and Holidays (explore your dream destinations)

Live a more comfortable retirement with a Retirees Equity Release

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Lifetime Occupancy

You can live in your home for as long as you choose

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No negative equity guarantee

You can choose a product that ensures the amount to repay never exceeds the net sale proceeds of the property.

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Loan repayment

There is no requirement to make any loan repayment until the end of the loan, although you are free to do so at any time

What is a Retirees Equity Release?

How it works?

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Talk to our team

Get in touch. Our specialists will help you figure out if this is the right option for you and get your application started.

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Property valuation

The amount you can borrow depends on the value of your home.After your application is completed, we'll request a valuation to be undertaken.

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Approval

After valuation, we review the report and your application. If this meets our criteria we make you a loan offer.

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Settlement

We send your settlement documents to your solicitor, who will need to provide you with necessary independent legal advice.

The Advantages and Disadvantages

Pros

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You continue to own and live in your home for as long as you choose while accessing equity

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Flexible fund receipt options.

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The amount required to repay the loan will never exceed the net sale proceeds of the property

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30-day cooling-off period If you take out a loan with us and have a change of heart allows you to cancel your reverse mortgage within 30 days of settlement and repay your loan at no additional cost.

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Additional occupiers, such as children, are permitted. However, they will be required to sign an acknowledgement confirming that they understand the lifetime occupancy promise will not apply to them.

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There is no requirement to make any loan repayment until the end of the loan, although you are free to do so at any time

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Equity Protection Option. You may choose to protect a percentage of the value of your home (up to 50%). When your loan is repaid, you or your estate are guaranteed to receive at least the chosen Equity Protection Option percentage of the net sale proceeds

Cons

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Loan balance may increase over time.

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Possible impact on the estate's value for heirs.

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Generally higher interest rates than conventional mortgages.

Receive your Retirees Equity Release Guide

Receive your Retirees Equity Release Guide to find out more about how reverse mortgages work and how Australian retirees are making the most of their retirement and planning

By proceeding I am granting consent to Key Choice Group to contact me with updates and offers in accordance with the Privacy Policy and Website Terms of Use.

Am I Eligible?

What's your age?

Homeowners, aged 55 and above

Property criteria

Your property must be residential, of conventional construction and in good repair. It must also meet our minimum property criteria, including valuation, size and location.

The property should be mortgage-free, or if there is a mortgage outstanding, it must be repaid with your Retirees Equity Release

Secondary Properties

A Retirees Equity Release is also available to be taken over an investment property or holiday home.

Aged Care Option - Security Bond

Aged Care Option is available for those residing in or moving into permanent longterm care. It has a maximum term of 5 years. Any customers who currently reside in and intend to stay in their home are not able to select this option

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Your Potential Borrowing Capacity

Your borrowing ability through Equity Release is influenced by the youngest borrower's age and your home's market value

Age of Youngest BorrowerMax Loan-to-Value RatioAged Care Option (5 Year Term)
55*15%-
6020%20%
6525%25%
7030%30%
7535%35%
8040%40%
8545%45%
9050%50%

*Conditions apply for couples with one partner aged 55-60.

Check Your Borrowing Capacity

Testimonials

We're proud of the service we provide and the solutions we deliver. Read our verified client reviews to find out what it's like to work with us

T

Amazing service by Matt and the team! Their communication was excellent and they explained everything thoughtfully, which was especially important being a first-time-loaner. The comparison meeting and how-to video for signing the documentation was especially helpful! Would highly recommend.

Tamara Spakman

2024-10-12

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C

We would like to thank Matthew and his team for recently helping us to renegotiate the interest rates for our existing Investment property loans. We have had previous dealings with him over the past years and have always found him very knowledgeable in his profession and easy to deal with. He and Isah found us the best deal by providing us with interest rates from several banks to choose from. The set up of the loans were done via email and digitally which made life easy for all of us without having to meet and sign paperwork etc.

Christopher Potter

2024-09-29

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M

Incredible Support for First-Time Buyers! I can't thank Key Choice Lending enough for helping me through the process of buying my first home. From start to finish, Matt and the team were there to guide me, making sure I understood every step. They were always available for any questions I had and made what could have been a stressful experience feel smooth and exciting. I'm so grateful for their professionalism and support—I highly recommend Key Choice Lending!

Maddi Parsons

2024-08-17

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A stress free first home buying experience! My sister and I went through key choice, as first home buyers, we couldn't be happier! we went into this process unsure and not confident but Matt, Ron and the team have made this long journey nothing but a breeze!! they've guided us through this process with so much patience, answering any questions we had straight away and made sure we felt comfortable from start to finish. I couldn't recommend this team enough!

Darcie Gray

2024-08-15

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Award-Winning Boutique Mortgage Brokerage

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This checklist

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Identification

Examples of acceptable documents:

  • Birth certificate (with change of name or marriage certificate if not current legal name)
  • Current driver's license (front and back)
  • Current passport
  • Centrelink income statement with date of birth showing
  • A government-issued ID card
  • Citizenship certificate
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Rates Notice

Copy of the latest rates notice for the security property.

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Insurance

Copy of the latest insurance renewal notice for the security property.

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Debt Information

Latest statements for any debts/loans to be repaid at settlement

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Power of Attorney or Administration Order

Copy of power of attorney/administration order document (if applicable) – this must be registered with the land titles office (excluding Victoria – if Victorian, an originally certified copy is required).

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Body Corporate Fees

Copy of the latest confirmation of body corporate fees, if applicable

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Tenancy Agreement

A copy of the lease agreement if there are any tenants living at the security property.

Helpful Resources and Tools

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Reverse Mortgage Guide Repayment Guide

Download

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Reverse Mortgage Guide Information Statement

Download

Ready to Explore Equity Release Further?

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