Home Equity Loans

Are you asset rich?

Many New Zealanders have done very well to retire ‘asset rich’, owning their home outright.  On a financial front superannuation is often enough to cover the essentials, it doesn’t always provide for the things you want or sometimes need to enjoy your retirement.  Home Equity Loans (reverse mortgages) are an option for many.  As with all financial decisions, you should investigate your options thoroughly and make your own decisions regarding what is right for you.

Our lender offers a reverse mortgage product otherwise known as a Home Equity Loan, Home Equity Release Loan or Seniors Finance.  The product offers three guarantees

  1. Lifetime Occupancy guarantee – Your home will remain the place you live in for as long as you choose
  2. No Negative Equity guarantee – The amount required to repay your loan will never exceed the net sale proceeds of the property
  3. Loan Repayment guarantee – There is no requirement to make any loan repayments until the end of your loan

If you’d like to know more about this, or similar products give us a call today.