How a home equity release loan compares to other options

A home equity release loan or reverse mortgage is not for everyone. When considering if a reverse mortgage might be right for you - it's important to think about the alternative funding options that might be available to you and whether these might suit your needs better.

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Alternative funding options

Regular home loan

  • Repayment — requires regular monthly repayments, which can be challenging when you have a fixed income or pension
  • Eligibility — if you need to apply to increase your home loan to cover expenses, you will need to provide proof of income
  • More cost effective — typically a regular home loan will have a lower interest rate than a reverse mortgage

Downsizing or selling your property

  • Moving — requires selling your current home, possibly buying a smaller one and missing out on potential property appreciation
  • Market conditions and selling costs — you may not get the desired price for your home depending on the market and you will incur selling and moving costs
  • Lifestyle changes — potentially moving away from your community and familiar surroundings

Personal loan

  • Repayment — requires regular monthly repayments, which can be challenging when you have a fixed income or pension
  • Interest rates — typically higher interest rates than a reverse mortgage as there is no security required
  • Borrowing limits — usually limited to smaller amounts than what you can access with a reverse mortgage

Superannuation or savings withdrawal

  • Impact on future — reduces the funds available for future needs
  • Tax implications — may have tax implications depending on the type of savings and withdrawal amounts
  • Growth potential — you lose the potential growth of these assets over time
Alternative funding options at a glance
Inviva's reverse mortgage
Regular home loan
Personal loan
Downsize/sell property
Superannuation or savings
Speed of access to funds
Potential for continued asset appreciation/growth
Access funds without needing to move
Preserves funds available for future needs
No regular repayments required
No proof of income required

Why choose Inviva?

  • Expertise & support — our team has years of experience and offers personalised support
  • Transparent costs — no hidden fees, and you know all costs upfront
  • Flexible options — choose how you access the funds - as a lump sum, regular income payment or a line of credit - and enjoy the flexibility to repay early with no early repayment fees
  • Quick access — fast approval and disbursement mean you get funds when you need them
Explore how a home equity release loan with Inviva can help you enjoy a more secure and fulfilling retirement.
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Free Home Equity Release Loan Guide

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