A P&N Bank Reverse Mortgage Home Loan is a reverse mortgage option for those in the Perth area and aged over 65. A reverse mortgage allows you to continue to own and live in your own home and draw upon the equity in your home to live a more comfortable retirement.
- Enjoy your retirement – use the funds for any purpose such as travel, a new car, home improvements, medical costs or living expenses.
- No regular repayments required – no regular repayments are required but you can make voluntary repayments at any time.
- 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.
Find out more about reverse mortgages to decide if it may be the right option for you.
|Reverse Mortgage Home Loan||5.40% p.a.||5.40% p.a.|