Frequently Asked Questions
Your top questions, answered. From reverse mortgages and Household Loans to government equity schemes, refinancing in retirement, lifestyle uses, aged care funding, and more.
General knowledge for finance and equity
Home loans for seniors
Traditional home loans often don’t suit people over 60. Household Capital was founded to help Australian retirees overcome these barriers by using their home wealth responsibly.
Equity release
Equity release is the process of unlocking the wealth built up in your home, without having to sell it. For many Australians, it provides a flexible, reliable way to access funds in retirement while continuing to live comfortably in the family home.
Understanding the Household Loan and Reverse Mortgages
Using home equity to improve long-term retirement funding
Our Household Loan works in the same way as a reverse mortgage; it allows retirees to access the wealth in their home while continuing to live there. The difference lies in how it’s structured and supported, with flexible features tailored to Australian retirees.
Application, regulations and repayments
This section covers eligibility, how repayments work, and how a reverse mortgage can help fund everything from day-to-day living to care costs and lifestyle goals.
Understanding the Government’s Home Equity Access Scheme
How HEAS compares and who it suits
The Home Equity Access Scheme (HEAS) is a government-backed option that allows eligible retirees to access home equity safely. It’s often used by those who prefer a structured, low-risk approach, though it operates differently from a commercial reverse mortgage.
Eligibility and application
Everything you need to know about your eligibility, and the application process.
Aged care and home care funding
Whether you plan to age in place or transition to residential care, leveraging home equity can add flexibility to your funding options.
Accommodation, fees and care options
How Household Loans can help with aged care deposits, daily fees, home care, and the transition process.
Helping family using your home equity
Bank of Mum and Dad
Many retirees wish to support their children or grandchildren financially. Using equity can be an option, if done carefully.
Interest rates, costs and protections
Understanding your costs is crucial
Interest, fees, and legal protections all determine how much equity remains over time.