Is Your Mortgage Causing You Sleepless Nights?
Is having to make regular repayments to the bank taking the fun out of retirement? If you’re retired and still paying a mortgage, there’s a fair chance it’s taking a sizable chunk from your retirement income each month. You’re certainly not alone – an increasing number of Australians are carrying mortgage debt into retirement.
There is a solution.
You can stay in your home, refinance that home loan, and free up your retirement funding to enjoy a more comfortable retirement lifestyle. Using your Household Capital™, the wealth built up in your home, you can replace your home loan with a Household Loan, and enjoy the flexibility that gives you.
How Much Home Equity Can You Borrow?
Whether you need income, capital, or a mix of the two, try our easy to use calculators to see how you could transform your retirement with a Household Loan.
Frequently Asked Questions
Refinance And More With A Household Loan

Top up your super or other investments
- Improved income
- Help super last longer
- Boost investment portfolio
- Contingency funding

Refinance and improve your monthly income
- Repay your home loan
- Consolidate & repay debt
- Improve cash flow
- Lifetime occupancy

Enjoy the retirement lifestyle you deserve
- Make your home retirement ready
- Buy a new car
- Live in comfort
- Eradicate 'bill stress'

Fund your in-home or aged care requirements
- Cover medical costs
- Meet in-home care needs
- Fund aged care deposits or daily fees

A cash reserve to be the bank of mum and dad
- First home buyers
- Grandkids' education
- University expenses
- Help in times of hardship
Interest Calculation
4.95%
variable rate
5.01%
Comparison Rate*
How does interest work on a Household Loan? Accessing the savings in your home using a refinance Household Loan will reduce the amount of equity you have in your home over time.
Because regular repayments are not required, the interest added to the loan balance compounds over time. This means you pay interest on your interest. Over time, the amount you owe the lender will increase. The longer the term of your reverse mortgage, the more interest compounds.
Alternatively, Household Capital offers an 'interest only' facility, where you can make regular payments so that at the end of the term, only the amount you borrow is repayable.
See more on interest rates and fees.
*The Comparison Rate is based on a loan of $150,000 for 25 years. WARNING: this comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.


Customer Stories: An Unplanned Retirement
Michael is 66 years old and lives in North Sydney. He has a younger partner and two children, one completing Year 12 at a private school. His house represents the majority of his wealth, valued at $7.4 million.
Circumstances brought on by the COVID-19 pandemic forced Michael to bring forward his retirement plans. He had planned to continue to work for several more years to pay down his mortgage, get school fees out of the way and then realise the value of his property by downsizing.
Michael had been self-employed for a good part of his career and did not have much in the way of superannuation. Household Capital was able to refinance a large outstanding home loan and provide an income for the next five years.
By drawing on a small portion of his Household Capital™ Michael was able to improve his retirement cash flow in two ways: by no longer making monthly mortgage repayments to the bank and by establishing a regular income stream.
What are you doing with your Household Capital?
Note: customer names and images have been changed to protect their privacy.
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CONFIRM ELIGIBILITY
Use our simple online calculators to check your eligibility and see how much Household Capital you can access.

PERSONAL CONSULTATION
Explore your retirement funding needs during an online meeting with one of our retirement specialists. Personal, one-on-one service is important to us.

APPLICATION
Complete the application process, secure in the knowledge that there’s always someone available to help along the way.