The decision to move from your home into residential aged care is one of the hardest decisions any of us will ever make. Reverselink understands that the decision to leave the family home is not one to be taken lightly.

An important and comprehensive guide to assist you in making this decision can be found under Accommodation Bonds and About Residential Aged Care.

Families faced with the difficulty of funding an accommodation bond, are discovering that by accessing some of the equity in the family home, they can meet the cost of an accommodation bond without having to sell the family home. Any future capital growth is maintained along with the option of returning to the family home at a later date.

Some important questions to ask  yourself and your family members?

• Do you think the value of you home will continue to increase?
• Would you like your heirs to inherit the family home?
• Do you have sufficient funds to pay for an accommodation bond?
• Would you like some time to think about the best decision to make in respect of the family home?

If the answer to these questions was yes, then a Reverse Mortgage could be the financial solution you need to fund your accommodation bond.

Benefits of a Reverse Mortgage

• Competitive and flexible interest rate options
• No repayments required until you either sell or transfer the home or the title passes to the estate
• Title of the property remains in the home owners name
• No Negative Equity Guarantee - meaning, if the property is sold and does not cover the oustanding loan amount, the lender will not ask you or your estate to make up the difference
• No Asset Test required

As per our Company Policy we ask that you seek Legal Advice and independant Financial Advice before you enter into a Reverse Mortgage.

We also strongly recommend you contact your Centrelink Financial Information Officer (FISO) if you are receiving any Government Income Support.

_{Terms and Conditions apply and are available by contacting us.}