Equity Release and Reverse Mortgage

Equity Release for applicants still working (ie, not retirees) is a new product available in Australia’s lending landscape. Home Equity release is available for working families who can service their existing loans but can’t service additional equity cash-out to cover one-off costs such as holidays, helping children, private school fees, or renovations/extensions, etc. Runmore Loans has access to loans that can help meet your objective.

If you’re at a stage in life where your expenses are temporarily higher than usual (private school fees, orthodontics, helping elderly parents with aged care support services etc.), or your income has reduced as one parent takes extensive leave to look after children or parents, and you’re unable to service your existing loan or fund additional lending for renovations etc., an equity loan can help. These loans allow you to access equity in your home as long as you have an exit strategy. Runmore Loans can explain exactly how this can work for you.

A reverse mortgage provides funding to meet a range of needs in retirement. It’s available to applicants over the age of 60 and can be used to improve your retirement lifestyle, meet a range of expenses or modify your home to make it safe and comfortable. Runmore Loans has access to all the major reverse mortgage providers and can help you understand your options without having to approach lenders directly.

We all know that raising a family or slowing down after doing so presents unique challenges that many lenders can’t accommodate with traditional lending policies. With Equity and Reverse Mortgage loans, Runmore Loans can help you stay in your own home, renovate it, put the kids through school, fund other one-off expenses, or take time off work and still maintain your commitments by using the equity you’ve built.