Household Loan Reverse Mortgage
Security, comfort, choice. These are the defining attributes of a good retirement. If you are a homeowner aged 60 plus, a Household Loan can support your long-term wellbeing.
What is a Household Loan?
A Household Loan is a reverse mortgage that’s been designed to work within Australia’s retirement system to help you meet your needs, be they large or small.
It is achieved via a loan facility that doesn’t require repayment until you vacate the property and comes with a number of protections, including guaranteed occupancy – meaning you can live in your own home for as long as you want.
Financial independence
Access to a regular income stream and lump sum payments
No regular repayments
Regular repayments are not required, although repayments can be made anytime
Peace of mind
Guaranteed lifetime occupancy and other consumer protections
Lifestyle
Enjoy the retirement you’ve worked so hard for and deserve
Choice and flexibility
It’s your money, it’s your choice and you are in control
Family legacy
Retain 100% home ownership and benefit from any capital gains as your home value grows
Unlock the money in your home in three simple steps
Getting started is simple. We’ll help you understand what you’re eligible for, and support you through each step for the application process.
Calculate now
Use our simple calculator to check your eligibility and see how much money you could unlock.
Talk to a specialist
Book a meeting with one of our Australian-based retirement specialists to discuss the process and answer your questions.
Complete your application
Our friendly team is with you every step of the way, making the process simple and stress free.
Vivienne, Gordon NSW
The money I received from Household Capital gave me a safety net, and I'd never had that before, ever.
Check your home wealth in less than a minute
Our lending options
We know you have unique financial and lifestyle needs, and our product suite has been structured to meet your needs today and in the future. Our flexible lending solutions are designed to support you to enjoy the retirement lifestyle you deserve, in the home you love.
Standard Household Loan
The foundation of our lending solutions, our Household Loan offers flexible access to a regular income stream and lump sum payments. It is purposefully designed to adapt to your evolving needs, providing the long-term security, peace of mind and financial independence you require to thrive throughout retirement.
Optional Retirement Interest Only (ORIO)
Our ORIO loans can help you transition from a traditional principal + interest home loan on your own terms. It is a reverse mortgage that eliminates – or limits – the effect of compound interest on the loan.
When you make regular monthly interest payments, a lower interest rate is applied. The loan's principal does not increase (ORIO 100) or grows at a lower rate (ORIO 50). ORIO offers the key protections available to all reverse mortgages; lifetime guaranteed occupancy, a no negative equity guarantee and the principal does not need to be paid until you choose to leave or sell your home.
If you become unable to meet the monthly interest payments, your loan will revert to a standard Household Loan with interest at the base rate added to the loan balance.
Retirement Refi
Retirement Refi is also designed to refinance an existing home loan so you can better transition to, or enjoy, your retirement years. You benefit from a simplified application process, a discounted interest rate and access to a $25,000 contingency fund.
Retirement Refi is available to homeowners over 60 with an existing home loan and a history of regular repayments.
How can I use my home wealth?
Give
Support your family when they need it most with a home deposit or education costs
Chat with one of our Australian-based team members
From general questions to specific details about our Household Loan, our friendly team is available Monday to Friday from 9am to 5pm AEST.