Reverse Mortgages NSW

Reverse Mortgages NSW Specialist finance brokers looking after senior Australians. We do not charge fees and help clients find the best reverse mortgage for their circumstances.

Just an anonymised note from a happy 73 year old client who's reverse mortgage will allow him to enjoy life a lot more."...
08/06/2026

Just an anonymised note from a happy 73 year old client who's reverse mortgage will allow him to enjoy life a lot more.
"Hi Raymond ,
Thank you for all you have done for me over the last 2 weeks . The loan settled in full yesterday . ###### was paid and the balance was put into my account . I have just paid off the 3 credit cards this morning . And I will be ringing the 3 banks to cancel all 3 accounts .
I will contact you later to meet you in Sydney for lunch if you would like to personally thank you .
Kind Regards
YYYYY YYYYY"

I get many similar messages. If you are interested in helping people like this as a finance broker get in touch with me. I need assistance as my business is growing. I have administration staff to help with processing and a CRM system to manage clients and plenty of leads to share. So you will have plenty of support.

29/08/2025

Loan Scenario of the Week (29/08/2025)

Meredith (78) lives in her home in the Northern Rivers. She has lived there for the last 15 years. Meredith wants to do a reverse mortgage so she can go home to England and visit her two older sisters. They are both not doing well and she has not seen them since 2019. She then wants to have money when she comes back to travel around Australia.

She is planning on spending $25,000 on going to England and $25,000 travelling around Australia. She then wants a cash reserve in case she wants to do other trips or has unexpected costs she needs to cover.

Meredith is very close to her sisters and this loan has allowed her to see them for what she expects is the last time. She is incredibly happy to be able to go on this trip.

If you would like us to review your Reverse Mortgage or to know more about how a Reverse Mortgage can help you achieve your retirement aspirations, please call Raymond on 0438 184 784 or Nicholas on 0438 184 785.

(Names, locations, amounts, & other personal details have been changed to protect the client’s identity. This post does not constitute advice.)

22/08/2025

Loan Scenario of the Week (22/08/2025)

Julian (73) Pamela (68) live in their home in the Southern Highlands. They have lived here for the last four years after moving down from their home in Sydney. They wish to do a reverse mortgage as Julian is very sick, and they need funds to help cover large medical expenses as well as some travel and minor works around their home.

Julian has a terminal illness, and because of a pre-existing medical condition he has never been able to get private health insurance. He wants to have the money if needed so he can go through the private health system. Over the last two years they have done this twice which has cost the couple over $75,000.00.

The couple then plans on doing several trips to Asia, Europe, and the America’s while they still can. They expect these trips will total around $100,000.00.

The couple has significant assets beside their home. They have an apartment in Sydney. They also have a block of land in Sydney. This is on top of share, savings, and super. They are getting an income from the apartment property and from the shares, savings, and super, so they do not want to use this hence the reverse mortgage.

As they are not getting a pension, they are doing a Home Equity Access Scheme on the vacant block of land to boost their income.
This loan has provided the couple with peace of mind and the ability to really enjoy themselves whilst they still have time together.

If you would like us to review your Reverse Mortgage or to know more about how a Reverse Mortgage can help you achieve your retirement aspirations, please call Raymond on 0438 184 784 or Nicholas on 0438 184 785.

(Names, locations, amounts, & other personal details have been changed to protect the client’s identity. This post does not constitute advice.)

01/08/2025

Loan Scenario of the Week (01/08/2025)

Eleanor (aged 83) is a widower that has lived in her home in the inner west for approximately 30 years. Eleanor wants to stay in her home as long as possible and is the recipient of a “My aged Care” level 3 aged care package.

She is looking to do a reverse mortgage to replace her car. It is over 20 years old, and she is having trouble with the manual gear changes. She then wants to replace her bathroom and make it age appropriate, and she needs funds to pay for a knee operation. These costs will be close to $110,000.00. She will then have a line of credit for contingencies or unexpected costs.

She has renovated her home over the last few years. She has replaced the roof which was leaking and the kitchen and had the house painted. The bathroom is the last item to be completed.

She has a small personal loan as her only liability. The interest rate is less than the reverse mortgage and she is having no issue making the payments it will be better for her to continue paying it off as it will be paid off by the end of the year.

This reverse mortgage has secured Eleanor's financial needs and living standards and has brought her a great deal of peace knowing she has funds in case of an emergency.

If you would like us to review your Reverse Mortgage or to know more about how a Reverse Mortgage can help you achieve your retirement aspirations, please call Raymond on 0438 184 784 or Nicholas on 0438 184 785.

(Names, locations, amounts, & other personal details have been changed to protect the client’s identity. This post does not constitute advice.)

20/06/2025

Loan Scenario of the Week (20/06/2025)

Thomas and Alison live in their home in Sydney’s Inner West. They have lived here for the last 55 years. They wish to do a reverse mortgage to pay for aged care in home. They have done some respite at various aged care facilities and have decided they want to pay for aged care in home.

The couple do not feel comfortable going into aged care and they do not care about the costs of aged care in home. They have a government assistance package for in home care which helps to pay some of the costs, but they need to do a reverse mortgage to cover the shortfall. Their children are also on board with this. Their aged care is likely to cost close to $40,000 per month as they need a very high level of care. If they are both at home full time the funds should last for around 4 years.

Once they do run out of funds we can either do a loan increase or the couple will sell their house and then move in with their daughter and use the proceeds of the sale to pay for aged care in her home. Due to the high cost of the care, we also had them speak to aged care financial advisor.

This loan has assured that the couple gets the care they need in the desired manner during this vulnerable time in their lives.

If you would like us to review your Reverse Mortgage or to know more about how a Reverse Mortgage can help you achieve your retirement aspirations, please call Raymond on 0438 184 784 or Nicholas on 0438 184 785.

(Names, locations, amounts, & other personal details have been changed to protect the client’s identity. This post does not constitute advice.)

13/06/2025

Loan Scenario of the Week (13/06/2025)

Tony (88) & Josephine (86) lives in their house in the Hills District of Sydney. They have lived there for the last 40 years. Before they retired Tony was a bank manager for over 30 years & Josephine was a high school maths teacher.

Tony has spent 7 months in hospital over the last 18 months with heart issue and most recently he broke his hip. He is back home now, but his heart surgery was quite expensive. The couple begun getting behind due to these expenses. They have now close to $40,000.00 in credit card debt that they wish to clear.

They would like to do a reverse mortgage to clear the debts and then be able to draw down a small amount as needed to improve their standard of living as they find living on the pension very restrictive.

The couple has used up their super but are determined to stay in their house which they love so the reverse mortgage is the best option for them. He has two children who are very supportive of their parents. Due to the couples professional backgrounds, they have a very good understanding of the loan and how it works.

If you would like us to review your Reverse Mortgage or to know more about how a Reverse Mortgage can help you achieve your retirement aspirations, please call Raymond on 0438 184 784 or Nicholas on 0438 184 785.

(Names, locations, amounts, & other personal details have been changed to protect the client’s identity. This post does not constitute advice.)

09/05/2025

Loan Scenario of the Week (09/05/2025)

Andrew (94) lives in his home in the north shore. He lives here with his daughter, her partner & granddaughter. He has lived there for 60 years and wants to be able to live out the rest of his life here. His daughter does not work and is a stay-at-home mother, so she looks after both Andrew, & her daughter.

Andrew has an existing reverse mortgage with St George for approximately $450,000.00. He wishes to pay this out and then get a total limit of $650,000.00. This will allow him to pay some debts up to date.

Once these are paid up, he wants to do some minor works and repairs around the house and then have money left over for Andrew’s care and large one-off expenses. The works mainly involve making the house more accessible and installing a sit-down shower. Andrew is mentally very good for his age, but physically he has a lot of mobility issues.

His daughter understands that she must pay the loan out once her father leaves. She is Andrews only child and beneficiary. When she inherits the property, she plans on selling the house and moving out of Sydney where she can purchase her own property and some other investments.

Because of the high value of the property at around three million dollars, it is projected that Andrews daughter should inherit at least two and a half million dollars if not more due to capital growth outpacing the interest cost. She is very happy with the loan and just wants to ensure her father’s twilight years are as comfortable as possible. If she is no longer able to provide care at home the house could be sold to pay for aged care or we could do a larger reverse mortgage to pay for aged care.

If you would like us to review your Reverse Mortgage or to know more about how a Reverse Mortgage can help you achieve your retirement aspirations, please call Raymond on 0438 184 784 or Nicholas on 0438 184 785.

(Names, locations, amounts, & other personal details have been changed to protect the client’s identity. This post does not constitute advice.)

02/05/2025

Loan Scenario of the Week- 02/05/2025

Adam (85) and Christine (82) lives in their house in Sydney Eastern suburbs. They have lived here for the last 11 years. Adam retired from running his own business in 1990. The couple is now finally down to their last $30,000 in savings.

They want to do a reverse mortgage so they can continue to maintain their lifestyle as the aged pension is quite meagre for the lifestyle they are used to. They expect they will need to draw $3,000.00 per month.

Their loan structure is as follows the need $3,000.00 per month for the next 10 years That is $360,000.00. They then want $50,000 upfront for various expenses. Finally, they want another $50,000 for any one-off large expenses. Christine has had some medical issues over the last two years which have been very costly this will give them funds in case this happens again.

Other than Christine's recent health issues which are now resolved the couple are in incredible condition for their age and do not appear like they will need aged care anytime soon. If they need aged care they have plenty of equity in the house and it could be sold to pay for aged care. The couples’ children know about the loan and are very supportive of it.

If you would like us to review your Reverse Mortgage or to know more about how a Reverse Mortgage can help you achieve your retirement aspirations, please call Raymond on 0438 184 784 or Nicholas on 0438 184 785.

(Names, locations, amounts, & other personal details have been changed to protect the client’s identity. This post does not constitute advice.)

04/04/2025

Loan Scenario of the Week (04/04/2025

Andrew (80) & Winnifred (79) have lived in their house in the Eastern suburbs for the last 55 years. The couple are self-funded retirees, Andrew still does some contract work, and they have other investments. The couple are planning on downsizing, but they are not ready just yet. They have a 4-year plan and then they will sell and downsize, as the house is very large with stairs and a large yard.

They need the following funds for the next 4 years
- $325K to pay off their mortgage.
- $150K to renovate the house for sale.
- $120K per year to cover living expenses
- $100K in case of contingencies

This totals to $695,000.00. As they are only charged interest on money spent they will draw this down slowly as needed to minimise the cost.

By taking their time to do renovations instead of a rushed sale, combined with the capital growth they should receive over the next 4 years should cover the cost of the loan. This reverse mortgage will ensure that they can leave their lifelong home in the manner they wish as well as ensuring they get the best price for it so they can leave a better inheritance for their children.

If you would like us to review your Reverse Mortgage or to know more about how a Reverse Mortgage can help you achieve your retirement aspirations, please call Raymond on 0438 184 784 or Nicholas on 0438 184 785.

(Names, locations, amounts, & other personal details have been changed to protect the client’s identity. This post does not constitute advice.)

14/03/2025

Loan Scenario of the Week (14/03/2025)

Trevor (64) & Alice (61) live in their home in the Sutherland Shire. They want a reverse mortgage to help them transition into retirement. They are semi-retired and are still both working part time, but this is not sustaining the lifestyle they are used to, as they both have had successful career as professionals.

They own several investment properties. They plan on waiting another 5 years and then they will sell one of these and pay out the reverse mortgage.

They have worked out they will need approximately $480,000.00 over the next 5 years and this will come from the reverse mortgage. They have worked out that the investment properties alone will appreciate by far more than the cost of the loan, and they do not want to sell these properties yet. They are also getting the capital appreciation of their place of residence which should outperform the cost of the loan at the very least in that time. This loan has made the transition to retirement easier for the couple.

If you would like us to review your Reverse Mortgage or to know more about how a Reverse Mortgage can help you achieve your retirement aspirations, please call Raymond on 0438 184 784 or Nicholas on 0438 184 785.

(Names, locations, amounts, & other personal details have been changed to protect the client’s identity. This post does not constitute advice.)

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Sydney, NSW
2000

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+61438184785

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