Reverse Mortgage Broker Australia | Compare Reverse Mortgage Options

Plus Equity is a specialist reverse mortgage broker in Australia, helping homeowners and retirees understand, compare and access reverse mortgage and home equity release options from leading Australian lenders.

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We compare available reverse mortgage lenders, interest rates, fees, borrowing limits and loan features to help you understand your options and make an informed decision about accessing the equity in your home.

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Whether you're looking to supplement your retirement income, renovate your home, repay an existing mortgage, fund aged care or help your family financially, Plus Equity provides personalised reverse mortgage guidance across Australia.

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How Can a Reverse Mortgage Broker Help?

A reverse mortgage broker helps you understand how reverse mortgages work, assess your potential borrowing capacity and compare available lenders and loan options.

Rather than approaching a single lender, Plus Equity can assess suitable options from multiple providers based on your age, property, financial circumstances and objectives.

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Reverse Mortgage Advice

We explain how reverse mortgages work in Australia, including interest, fees, loan features, repayment considerations and how your loan balance and remaining home equity may change over time.

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Compare Reverse Mortgage Lenders

Reverse mortgage products can vary considerably between lenders.

Plus Equity helps you compare available reverse mortgage lenders in Australia, including differences in interest rates, fees, borrowing limits, eligibility criteria, drawdown options and loan features.

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Reverse Mortgage Borrowing Capacity

How much you may be able to borrow depends on factors including your age, property value, property location and lender criteria.

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We assess your circumstances and help you understand your potential borrowing capacity before you decide whether to proceed.

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Application & Settlement Support

If you choose to proceed, we help manage the reverse mortgage application process from initial assessment through to settlement, including liaising with the lender and assisting with application requirements.

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Ongoing Support

Our relationship doesn't have to end at settlement. Plus Equity remains available to answer questions and provide assistance throughout the life of your reverse mortgage.

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Why Use a Reverse Mortgage Broker?

Using a specialist reverse mortgage broker can make it easier to compare lenders and understand your options before making a long-term financial decision.

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Interest rates, fees, lending criteria, borrowing limits and product features can differ between providers.

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Plus Equity can help you:

• Compare reverse mortgage lenders and options

• Understand available interest rates, fees and loan features

• Assess how much you may be able to borrow

• Understand lender eligibility requirements

• Compare lump-sum and other available drawdown options

• Navigate the application and approval process

• Understand important long-term considerations before proceeding

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Our role is to help you make an informed decision based on your circumstances rather than simply considering one lender or product in isolation.

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Who Can a Reverse Mortgage Help?

A reverse mortgage may provide eligible Australian homeowners with a way to access some of their home equity without immediately selling their property.

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Depending on individual circumstances, homeowners may consider a reverse mortgage to:

• Supplement retirement income

• Create additional financial flexibility in retirement

• Fund home renovations or repairs

• Pay for healthcare or aged care expenses

• Repay an existing home loan or eligible debts

• Help children or grandchildren financially

• Fund major purchases or expenses

• Access home equity without immediately downsizing or selling

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A reverse mortgage will not be suitable for everyone. Eligibility, borrowing capacity, costs and long-term implications should be considered before proceeding.

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Reverse Mortgages for Retirees and Pensioners

Reverse mortgages are commonly used by older Australian homeowners who have accumulated substantial equity in their property but would like access to additional funds during retirement.

Eligible retirees and pensioners may be able to access home equity through a reverse mortgage while continuing to own and live in their home, subject to the lender's requirements and loan conditions.

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If you receive the Age Pension or other Centrelink benefits, you should also consider whether the way you access and use reverse mortgage funds could affect your individual circumstances.

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How Much Can You Borrow With a Reverse Mortgage?

The amount you can borrow with a reverse mortgage generally depends on your age, property value, property location and the lender's individual criteria.

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In general, the proportion of property value that may be available tends to increase with the borrower's age.

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Plus Equity can assess your circumstances and help you understand the borrowing options potentially available before you submit an application.

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Why Choose Plus Equity?

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Reverse Mortgage Specialists

Plus Equity specialises in reverse mortgages and home equity release, giving homeowners access to guidance focused specifically on this area of lending.

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Compare Multiple Lenders

Instead of limiting your search to one provider, we help you compare available reverse mortgage options from multiple Australian lenders.

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Personalised Guidance

There is no single reverse mortgage that is appropriate for every homeowner. We consider your property, circumstances and objectives when helping you explore available options.

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Australia-Wide Service

Plus Equity is based in Bondi Junction, Sydney, NSW and assists eligible homeowners looking for reverse mortgage solutions across Australia.

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End-to-End Support

From your first enquiry and borrowing assessment through to lender comparison, application and settlement, our team guides you throughout the process.

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Frequently Asked Questions About Reverse Mortgages

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What is a reverse mortgage?

A reverse mortgage is a loan that allows eligible homeowners to borrow against the equity in their property. Unlike a conventional home loan, regular repayments may not be required. Interest is generally added to the outstanding loan balance, which means the amount owed can increase over time.

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How does a reverse mortgage work in Australia?

A reverse mortgage uses your home as security for a loan. Depending on the product, eligible homeowners may be able to access funds in different ways. Interest and applicable fees may be added to the loan balance, with repayment generally occurring when a specified repayment event occurs under the loan agreement.

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Do you still own your home with a reverse mortgage?

Generally, yes. Taking out a reverse mortgage does not ordinarily transfer ownership of your property to the lender. You remain the owner of your home, subject to complying with the terms and conditions of your loan.

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How much can I borrow with a reverse mortgage?

Your potential reverse mortgage borrowing limit depends on factors including your age, property value, location and lender criteria. The percentage of property value available to borrow generally increases with age, although limits differ between lenders.

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Can pensioners get a reverse mortgage?

Eligible pensioners may be able to obtain a reverse mortgage in Australia, subject to lender and property requirements. If you receive government benefits, it is important to consider how accessing and using the funds could interact with your financial circumstances.

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Can I get a reverse mortgage if I still owe money on my home?

Potentially. Depending on your available equity, borrowing capacity and lender requirements, reverse mortgage proceeds may be able to be used to repay an existing home loan as part of the transaction.

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Do I have to make monthly reverse mortgage repayments?

Regular repayments may not be required with a reverse mortgage. Instead, interest and applicable charges may be added to the loan balance. This means the amount owed can grow over time and reduce the equity remaining in your property.

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What are the costs of a reverse mortgage?

Potential costs can include interest, establishment or application fees, valuation costs and other lender or third-party charges, depending on the product. Because rates and fees differ between lenders, comparing the overall cost rather than only the advertised interest rate is important.

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What happens to a reverse mortgage when the homeowner dies?

The outstanding reverse mortgage generally becomes repayable following a repayment event specified in the loan agreement, which may include the death of the borrower. The property may then be sold or the debt repaid through another arrangement, depending on the circumstances and loan terms.

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Compare Reverse Mortgage Options in Australia

If you're considering accessing the equity in your home, understanding your options before choosing a lender is important.

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Plus Equity can help you compare reverse mortgage lenders, understand potential borrowing capacity and explore home equity release options based on your individual circumstances.

Based in Sydney and assisting homeowners Australia-wide, our reverse mortgage specialists provide personalised guidance from your initial enquiry through to settlement.

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Speak with Plus Equity today for a no-obligation reverse mortgage assessment.