Reverse Mortgage's Auckland
Cashing up to keep your lifestyle
Retirement is meant to be a time to put your feet up – whether you plan to retire in Auckland, Tauranga or any other piece of paradise throughout New Zealand. However, for many the increasing cost of living and lower than expected returns on investment, is starting to put strain on the nest egg.
Many people are discovering the reverse mortgage as a mechanism to provide steady income, maintain a comfortable retirement and still keep your home.
A reverse mortgage is where a lending institution takes a mortgage against your property. The amount you can borrow depends on your age and the value of your home. You are not required to make a repayment for the life of the loan, as the interest is included and the loan can be paid to you as a lump sum or a monthly benefit to suit your lifestyle.
Taking a reverse mortgage should not be considered lightly and works best if you are not planning to sell your property.
If you are looking for ways to increase your cash flow in retirement come and talk to us. We will make sure that you have considered all of the options. In the event a reverse mortgage is the best option for you, we will ensure that you understand the implications. We also encourage you to seek advice from your Accountant or Solicitor.
For assistance with your reverse mortgage queries and retirement requirements, please complete the short enquiry form and one of our specialist LoanPlan consultants will contact you. Alternatively call us on 0800 56 26 75 (0800 LOAN PLAN)