REVERSE MORTGAGE
A Reverse Mortgage provides you with the opportunity to use the equity you have built in your home over the years to do a whole range of things you might still want to do - help the grandkids with their uni fees, renovate the house, buy a better car, take a holiday, or ease a bit of the worry of your present day-to-day living.
ABN AMRO's Reverse Mortgage offers:
- Competitive Fixed and Variable Interest Rates
- No Monthly Fees or Charges
- No Maximum Limit. You have the opportunity to borrow an unlimited amount - from a minimum of $10,000 upwards - against the value of your home, dependent upon meeting our requirements
- The protection of both a No Negative Equity Guarantee and the option to protect up to 25% of the equity in your property for your heirs
- Maximum Flexibility in how you receive your loan. You can choose between our lump sum, flexible draw and monthly income options. You can also choose to receive your loan using our blend of fixed and variable interest rates.
A reverse mortgage is a loan secured by your property, but you do not need to make any repayments (capital or interest) until you leave the property. You then have a further 12 months to pay us back.
For More information about Equity Release and Reverse Mortgages, please read at this document.
REVERSE MORTGAGE ENQUIRY FORM