BSB 806 015
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Retirement looks different with a P&N Bank Reverse Mortgage
Retirement is for living out some of your lifelong dreams, and a P&N Bank Reverse Mortgage could help make that easier. With a Reverse Mortgage, you could stay in your own home longer while unlocking equity you can use on almost anything you like, such as renos, living expenses, the grandkids or more beachside holidays.
Reverse mortgages allow retirees to convert the equity in their home into accessible cash for a more comfortable retirement.
The benefits of a P&N Reverse Mortgage
- Use the funds for a range of purposes such as travel, a new car, home improvements, medical costs or living expenses.
- No regular repayments required but you can make voluntary repayments at any time.
- Easy access to your funds through a redraw facility - your funds may be accessed at any time you need them.
- Negative equity guarantee – the amount required to repay the loan will never exceed the net sale proceeds of the property.
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Before taking out a Reverse Mortgage product, seek appropriate advice and consider if the product is right for you. Lending criteria, fees and charges apply. Terms and conditions applicable and available on request