Live more comfortably in retirement by accessing the equity in your home with a reverse mortgage
If you're over 60 years of age, we have a solution that lets you access the equity in your home to live more comfortable. With a reverse mortgage you can apply to have access to up to a pre-determined amount of your equity in your home depending on your age, your home's value and its location. So, whether you plan to renovate your home, buy a new car, take an overseas holiday or simply enjoy additional income, Blue Key Finance can help you.
These variable rate home loans are secured with a mortgage over your owner occupied home. Simply borrow against a portion of the equity you have in your home, while still enjoying all the benefits of living there.
You can take the full amount of your loan in one lump sum, or as periodic monthly direct credits. Interest and fees and other charges are debited to the loan account each month. The balance increases over time, and the full repayment of the total amount owing is deferred until the property is sold, or you no longer live in the property or the last of the borrowers dies. You can make voluntary payments towards the loan at any time.
If you would like to learn more about reverse mortgages you can: