Unlock the equity in your home to help fund your retirement. All without needing to sell your home.
Stay put. Live better. Maintain home ownership.
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
A home equity release loan (also known as a reverse mortgage) is a loan that lets you access the equity in your home. You don't have to make regular repayments, and you can stay in your home. The loan is repaid when you sell the property, move out (where the security property is the home you live in), or the last borrower passes away.
Inviva’s home equity release loan has three drawdown options, giving you the flexibility to access funds when it suits you. Interest is only charged on funds that have been drawn down.
Receive a lump sum payment at the beginning of your loan. Ideal for consolidating debt, funding home renovations, purchasing a new car, or funding a trip overseas to visit your family and grandchildren.
Have your loan approved up front and then access money only when you need it without paying interest on the undrawn amount. Interest is charged on the amount that you draw down.
The minimum drawdown for this option is $1,000.
Manage your day to day living expenses with a regular monthly income payment.
The minimum drawdown amount for this option is $500 per month.
Or choose a combination of these options.
Accessing the equity in your home has never been easier
Our eligibility criteria is simple and transparent
Inviva’s home equity release loan also comes with some important protections
Try our free online calculator to get an immediate property estimate and see how much you can borrow
Try our live chat service, email us at info@inviva.com.au or call 1300 222 223 to get personalised advice from our experts who will be delighted to answer any questions you may have.
Prefer us to call you at a time that suits you
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:
Inviva requires that you obtain independent legal advice before entering a loan contract, to ensure that you understand the contract, and your rights and obligations associated with it. It is your responsibility to pay for this legal advice.
We encourage all customers to obtain financial advice. In some circumstances, at our discretion, we may require that you do so.
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.