Thousands of Australians aged 55+ choose a home equity release loan to maximise their retirement outcomes.
A home equity release loan allows you to access the equity in your home — without needing to downsize or sell. This enables you to stay in the home and community you love.
Pay for aged care — while retaining ownership of your home
Fund home renovations and repairs
Pay for living expenses
Provide financial assistance to family members
Consolidate your debt or refinance
Enjoy a dream holiday
Fund home care — enabling you to remain in your home
Purchase that new car or motorhome
Benefit from any potential appreciation of the property’s value — a significant advantage over downsizing to a lower value asset
Compared to other funding options like credit cards or personal loans, helping you maximise your financial benefit
Where the loan is secured against the property you live in (and the loan does not have a term), you can stay in your home and community as long as you wish
Unlike the lengthy process of selling and buying a new home, get immediate access to your home equity, allowing for quicker financial relief
Ensuring you will never owe more than the market value of your property, providing peace of mind for you and your family
Whether it's a large lump sum, monthly payments, or a line of credit, you have the flexibility to access the funds as and when you need them
Significantly improving your monthly cash flow and financial freedom
Our team has years of experience and offers personalised support providing guidance throughout the entire process and ensuring you’re fully informed along the way
Simply repay the loan when it suits you best
Potentially reduce the need to draw down on your superannuation or other savings prematurely
Making it easier for retirees or those with a non-traditional income to get a loan
The application takes less than 30 minutes, with decisions provided in as little as a few days, and settlement shortly after
Our free calculator will estimate the current value of your home. We will show you how much money you could potentially release from your home. Simply type in your address and whisper us your age.
It’s fast and secure. We ask a few simple questions to get you to the approval stage. And it’s obligation free, you can withdraw your application at any time.
We are fast: Once we receive your application we will be in touch with next steps. This will include a video call to give you the opportunity to ask any questions you might have. Provided we receive all of the necessary information with your application, we can generally give you a decision within as little as a few days.
Find out the value of your property and how much home equity you can access.
Equity Empower is a reverse mortgage that allows you to free up part of the value of your property without having to sell it. With an Equity Empower loan, you aren’t required to make any repayments of principal or interest until the end of the loan. Instead, interest capitalises so the loan balance increases over time, unless you choose to make voluntary repayments.
Equity Empower does not generally have a fixed loan term. The loan balance is generally repayable in full only when the last remaining borrower permanently leaves the property, or the property is sold. If the security property is your residential home, then you’re required to occupy the property. However, if we have approved an investment property as security, then we waive this occupancy condition.
Equity Empower has flexible drawdown options: you can access the loan funds as an initial lump sum, a regular monthly income payment, a line of credit, or a combination of these options. You’ll only be charged interest on the amounts that you draw down.
With Equity Empower, you’ll have the option to make repayments at any time. If you do make repayments, then you’ll generally be able to re-drawdown those funds again at a later stage, should you choose to.
You can use the loan for a variety of purposes - to fund the trip of a lifetime, buy a new car, renovate your home, supplement your retirement income, consolidating debt, help your kids or grandkids. and more.
Inviva offers loans from $50,000 up to $2,000,000 for borrowers aged 55 years or over.
The maximum Loan-To-Value Ratio (LVR) depends on your age and the value of your property. A 55-year-old can generally borrow up to a maximum LVR of 15% (i.e., up to 15% of their property’s value). The maximum LVR then increases by 1% for each additional year of age. For example, a 73-year-old may be able to borrow up to a maximum of 33% of their property’s value.
As part of the application process, we’ll discuss with you if there are other circumstances that may impact the amount you can borrow or any other conditions.
You can use an Equity Empower loan for a variety of purposes, giving you with the flexibility you need to meet your goals. This could include funding the trip of a lifetime, buying a new car, renovating your home, supplementing your retirement income, consolidating debt, helping your kids or grandkids, and more.
You can choose to access the funds as:
Equity Empower has all the key features of a standard reverse mortgage, allowing you to free up part of the value of your property without having to sell it. With Equity Empower you aren’t required to make any interest or principal repayments until the end of the loan. However, you have the option to make repayments at any time, and to redraw those funds at a later stage if you choose to do so.
Equity Empower comes with a ‘no negative equity’ guarantee, so you can never owe us more than the market value of the property.
Our key differences:
Unlike some other reverse mortgage providers, we will lend to borrowers aged as young as 55. We also typically allow you to borrow against properties other than your primary home such as an investment property or holiday home.
Equity Empower has an upfront loan establishment fee of $995 to arrange settlement of the loan including an automated valuation and documentation. If a full in person valuation is requested by you or required by us, this will be passed on at cost. As part of the application process, we will let you know in advance if a full in person valuation is needed, and you may be required to pay for this separately in advance. The loan establishment fee is deducted from the loan amount at settlement along with any government charges that apply. There is no ongoing monthly fee, however there is a loan discharge fee of $300 to arrange discharge of the mortgage at the conclusion of the loan.
Our current Equity Empower interest rate is 9.20% (comparison rate 9.23%*).
* Comparison rates are based on a secured loan of $150,000 over a 25-year term.