No-negative-equity guarantee
Australian reverse mortgages are legally required to guarantee you'll never owe more than your home is worth - even if interest accrues for decades, subject to scheme rules.
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Unlock equity. Stay in your home.
Reverse mortgages let Australians 60+ borrow against the equity in their home without making repayments. Done thoughtfully, it can fund retirement, renovations or care - without forcing a downsize.
Who this is built for.
- Retirees aged 60+ with significant home equity
- Wanting to supplement super or pension income
- Funding home modifications, care or medical costs
- Helping family with a deposit (the 'living inheritance')
- Avoiding a forced downsize too early
- Homeowners who'd rather stay in their community
What we do
How we approach this work.
Lump sum, income stream, or both
We structure the drawdown to suit your needs - a one-off amount, a regular monthly drawdown, or a standby line of credit.
Family conversation built in
Reverse mortgages affect inheritance. We strongly encourage involving adult children early, and we'll facilitate that conversation if it helps.
Coordinated with your advisers
We work with your financial planner and accountant so the loan fits the broader retirement strategy, including age pension impact.
FAQs
Common questions.
Do I have to make repayments?+
No regular repayments are required while you live in the home. Interest is usually capitalised onto the loan balance and the loan is repaid when you sell the home, move into permanent care, or from your estate. Voluntary repayments are allowed if you want to slow the balance growing.
Will I lose my home?+
Generally, the loan can stay in place while you live in the home, provided you meet the loan conditions. This may include living in the property, maintaining it, keeping it insured, paying council rates and meeting any other lender requirements. Australian reverse mortgages also include a no negative equity guarantee. You will not owe more than the home is worth when the loan ends, subject to scheme rules.
How much can I borrow?+
The amount available is age-based. At around age 60, you may be able to access roughly 15-20% of your home value, with higher limits as you get older, subject to lender policy and property type. We confirm your limit before you proceed.
How does it affect my pension?+
Funds drawn down may affect Centrelink assets and income tests. Check pension impacts with Services Australia or a licensed financial adviser before drawing funds. We coordinate with your advisers so the structure fits your broader retirement plan where possible.
Important considerations
Risks to understand first
- A reverse mortgage can give you access to home equity, but interest usually compounds over time. This means the loan balance can grow and reduce the equity left in your home.
- Before proceeding, borrowers should understand how the loan balance may grow over time, how much equity may be left in the property, and whether the loan could affect Centrelink or aged pension entitlements.
- Family or beneficiaries should be part of the conversation where relevant. You should also understand what happens if the borrower moves into care, sells the home, or passes away.
- A broker or lender should provide projections showing how the loan balance and home equity may change over time. You should also consider independent legal, financial and Centrelink guidance before proceeding.
- Level Up Loans arranges reverse mortgage lending. We do not provide financial product, tax or legal advice.
Next step
Let's chat about your next move.
No pressure, no jargon. We'll listen first, then map out the smartest way forward.