Reverse Mortgages

Wouldn't it be great if you could use the equity in your home to fund the things you would like to do? Now, you can!

With an ASF Lifetime Loan, you can unlock your wealth and turn your bricks and mortar into a cash resource to fund the lifestyle you would like to live.

It could also mean you no longer have to compromise on the things you really need or worry about those unexpected emergencies.

Today, many people aged 60 or over are finding that an ASF Lifetime Loan is giving them new freedom to unlock their accumulated wealth. And unlike some other loans you don't have to sell your home and your title remains in your name.

If you are aged over 60 years (or if a couple, one of you is over 60 and the other over 55) and you own your home, an ASF Lifetime Loan allows you to borrow up to 50% of your home's value.

And you can use the loan to fund anything you want including:

• Home renovations and home maintenance
• Health care
• Pay off credit card bills
• A new car
• Education costs for grandchildren
• Pay out an existing mortgage
• An overseas holiday
• The choice is entirely up to you!

Best of all, unlike standard loans, there are no regular repayments of either interest or capital during the course of the loan. This makes it a great way to pay out your existing mortgage or credit card debt.

In fact, unless you decide to voluntarily pay out the loan there is nothing to pay until you move out of and sell your home, or after your death (or the death of your surviving nominated partner). Naturally, once the loan and interest have been repaid, the balance belongs to you or your beneficiaries.

And our peace of mind Loan Repayment Guarantee means that your total repayment will never exceed the net sale proceeds of your property.