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Calculate How Much Equity You Could Access
Our reverse mortgage calculator is designed to demonstrate how much of your home equity you can potentially access to improve your retirement funding.
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Our reverse mortgage calculator is designed to demonstrate how much of your home equity you can potentially access to improve your retirement funding.
The reverse mortgage calculator requires several key inputs:
Once you submit that information, if eligible, you’ll see an estimate of the amount you may be able to borrow.
Your age and home value are used to calculate your loan to value ratio (LVR). This must comply with maximums prescribed by the Australian Securities and Investments Commission (ASIC). This determines how much home equity you can access.
If you’re aged 60+ and would like to pay out a bank mortgage, improve your retirement income or draw a capital sum for renovations or a new car, you should use our reverse mortgage calculator to see how using your home equity could transform your retirement.