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Unlock the wealth
in your home
Unlock the wealth
in your home
What’s the biggest form of retirement wealth most people aren’t using?
Australian retirees are the wealthiest in the world, but most of that wealth is in our homes.
The experts at Household Capital can help you access your home wealth to meet your needs. You can live the retirement you’ve always wanted, while staying in your home for life.
How a Household Loan works
Retirees typically fund their retirement using a combination of savings in superannuation and other investments, as well as the Age Pension. However, many Australians face a retirement without enough superannuation to fund a comfortable retirement and maintain the lifestyle they worked hard to enjoy.
Our Household Loan enables you to unlock the wealth in your home and responsibly access a portion of your home’s value to meet your long term retirement needs. It also provides you with flexibility and choice to improve your lifestyle and well being while you continue to live in the home you love.
Noel Whittaker
Author “Retirement Made Simple”
Home equity is the largest store of lifetime savings for most Australians. If that’s true for you, don’t ignore it — understand your home equity and actively manage your access to it. Like any other savings, the number one rule is “don’t blow it”! “
Home wealth
Our quick and easy online calculator is the best way to see how much of the wealth in your home you could unlock to live the lifestyle you deserve in the home you love.
Calculate home WealthYou must own your home to be eligible
How you can use the wealth in your home
We’ve helped thousands of Australians access their home wealth to use in many different ways.
From topping up your regular income stream to helping your kids to buy their first home, you can use your home wealth in more ways than one.
Top up
Increase retirement income or set aside a contingency
Finance
Refinance a mortgage or consolidate debts
Live
Fund home repairs, renovations, or expenses
Care
Cover medical, dental, in home or aged care
Give
Gift family with a home deposit or education
All your questions answered
Complimentary, obligation-free call with one of our Australian-based team.
Prefer to book a time?
Free book chapter
Noel Whittaker has written more than twenty books and is trusted by more than 2 million readers worldwide. To help you understand your options to remain at home and access the wealth in your home, we would like to reward you with a FREE copy of the “Equity Release” chapter from Noel Whittaker’s book – Retirement Made Simple.
By clicking ‘Email the free chapter’ you agree to our Terms of Use and Privacy and Credit Reporting Policy.
Trusted by thousands of Australians
Hearing our customer’s stories is a big part of what motivates our team each and every day.
I had an existing mortgage and wanted to clear it. The best thing about Household Capital is that you can ring up and can actually talk to someone who understands what you are going through. Nothing was too much trouble and that’s the big difference.
Barry
Shoalhaven, NSW
Frequently asked questions
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Who has to pay off the loan once I pass away?
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Once the last homeowner has passed away, the loan is settled by the estate within 12 months.
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If I leave my home to my children, when do they have to pay out the loan?
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Your children and/or estate has 12 months to pay out the loan.
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Will taking out a Household Loan/Reverse Mortgage mean I cannot leave much to my family and children?
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The amount you can borrow is dependent on on the Loan to Value ratio (LVR). For a Household Loan, the calculation takes two factors into account – the age of the youngest borrower and the value of your property. The percentage of equity you can access is regulated by the National Consumer Credit Protection Act (NCCP). Household Capital’s LVR starts at 20% of the agreed property value for those aged 60 and increases 1% per year thereafter. Total remaining equity is a factor of the initial LVR, interest rates, growth in home values and term of your loan. In most situations, you will likely retain a reasonable proportion of equity to bequeath to your children.
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How much interest do I have to pay on the loan?
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Our Household Loan has a variable interest rate and changes in line with the RBA’s cash rate. Up-to-date information about our current rate is available at https://householdcapital.com.au/reverse-mortgage-interest-rates/.
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If I live too long, will accessing my home equity leave me or my family with no equity left?
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Your remaining home equity at the end of your loan is a factor of the initial LVR, interest rates, growth in home values and the term of your loan. In most situations, you will likely retain a reasonable proportion of equity to bequeath to your children.
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Can the loan be repaid before the house property is sold?
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Yes. You may repay part or all of your Household Loan at any time, without penalty.
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What is a Household Loan?
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What is a Household Loan?A Household Loan is our innovative approach to borrowing against home equity for responsible, long-term, retirement funding. It is a type of reverse mortgage, which allows you to borrow money using the equity in your home as security. Interest is charged like any other loan, but you don’t need to make regular repayments while you live in your home.
The loan must be repaid in full when you sell or leave your home or, in most cases, if you move into residential aged care. Please see the Reverse Mortgage Information Statement for more information.
To find out more about reverse mortgages, including a reverse mortgage calculator to help you work out how much equity you may have in the future, visit the Australian Securities and Investments Commission’s free consumer website at www.moneysmart.gov.au. Try our home equity calculator or call us on 1300 760 139 to see how using your Household Capital could improve your retirement funding and help you to Live Well At Home™.
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Can I take out a Household Loan to take my family on a holiday?
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Our focus is on providing responsible, long term retirement funding. While a Household Loan can be used to fund travel as part of a broader retirement funding plan, we don’t lend solely to fund holidays. Try our home wealth calculator or call us on 1300 622 100. See how using your Household Capital could improve your retirement income. Live Well At Home™
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How can a Household Loan make my life easier?
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There are so many ways a Household Loan can transform your retirement. Here are a just few:- It can act boost your regular income so you can do more with retirement
- You can use it to top up super or other investments
- You can help your kids get onto the property ladder
- You can help pay your grandkids education expenses
- If you have a bank mortgage, you can repay it and improve your cash flow
- You can renovate or modify your home to get it retirement ready
- Comfortably cover medical costs, health insurance and other bills
- Pay for your choice of in-home or residential aged care
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Can I use a Household Loan to fund in-home care?
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Yes. A Household Loan can be used to pay for your in-home care requirements, giving you greater choice and flexibility in terms of the services you can access. Try our home wealth calculator or call us on 1300 622 100. See how using your Household Capital could improve your retirement income. Live Well At Home™