Call
Household Loan
Pension Boost Service
Home Reversion Schemes
Home Equity Access Scheme
Refinance for 60+
Guides & Publications
Customer Testimonials
Reverse Mortgage Interest Rates & Fees
Rising Interest Rates
Many of us are concerned about rising interest rates and retirees are no exception – especially those making mortgage or credit repayments from a fixed income. Keeping up with repayments can be challenging at the best of times; in an environment when the cost of living is rising but income is not, it can have devastating implications for retirement lifestyles and leave older Australians worried about how they’re going to make ends meet.
Savvy retirees are accessing their home equity, their Household Capital™, to refinance their debt and meet the current challenge of the cost of living crisis. This provides both long-term retirement funding and a comfortable retirement lifestyle.
If you’d like to improve your retirement funding but you’re worried about the impact of rising interest rates, you can use our interest rate tool to model that impact. The tool illustrates the impact of three potential interest rates scenarios over five and ten years, based on our average customer home value and loan size. If you would like a more personalised assessment, use our calculator or call us on 1300 057 080 for a friendly obligation-free discussion.
If you are still concerned about rising interest rates, why not consider the Government low-interest rate Home Equity Access Scheme (HEAS)? It’s a reverse mortgage-style loan issued by the federal government that allows eligible Australian retirees (including self-funded retirees) to boost their retirement income by drawing on their home equity and borrowing up to 150% of the full Age Pension entitlement.
The Household Capital Pension Boost service helps Australian seniors access their home equity through the HEAS by taking care of the complete application process and removing the barriers that often come with dealing directly with Centrelink.
To learn more about the Household Capital Pension Boost service and the HEAS, please click below.
Boost your retirement income
Learn more about our Pension Boost Service and accessing the equity in your property
Consistently Low Rate
Variable rate
9.20%Comparison rate*
9.23%Household Loan Fees and Charges
| Description | Fee |
|---|---|
| Establishment Fee (includes valuation and conveyancing) | $950 flat fee |
| Special attendance fee (e.g., variation or substitution of security, discharge of mortgage) | $250 per attendance plus third-party fees |
| Fee for provision of paper copies of documents | $25 per request |
| Drawdown fees | Nil |
| Regular service fees (monthly, annual) | Nil |
| Early repayment fee | Nil |
Calculate Your Home Equity
Learn how unlocking your home’s wealth could enhance your retirement and provide you with confidence and control.
Frequently Asked Questions
How Our Customers Rate Us
More Interest Rate Articles
Disclaimer: Comparison rate based on a secured loan of $150,000 over a 25 year term. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates.
Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. ^Amounts spent will be added to your Household Loan and accrue interest like any other funds drawn via your Household Loan.