Nan and John are aged 71 and 69 respectively and they live in a waterside home on Queensland’s sunny Gold Coast. They love their home, where they’ve spent more than 22 years, and did not want to move to a smaller property or retirement village.
After 40 years of working together and with a big portion of their retirement savings tied up in their home, Nan and John didn’t believe their financial situation would allow them to retire. Without their home equity to draw on, they didn’t have the means to generate a retirement income or capital to cover significant expenses while living in their home.
Nan and John contacted Household Capital, looking for a solution.
With the assistance of our helpful team, Nan and John learned they could repay their mortgage in full, which ultimately allowed them to retire – by unlocking their home equity.
“With the help of Household Capital, we can actually experience retirement,” John says. “Yep, and comfortably too,” Nan adds. “In a house that we love.”
John, 69, Gold Coast