home loans

Seniors Equity Loan

If you’re over 60 years of age, the Seniors Equity Loan could help you unlock your home’s equity to fund your quality of life.

The Seniors Equity Loan is a reverse mortgage loan, which doesn’t require regular loan repayments.

This home loan could help you:

fund home improvements
fund medical expenses
upgrade the car
supplement your regular income to help you live more comfortably.

To make sure this style of loan is a good choice for you, we suggest that you seek independent financial and legal advice about your situation. This loan is available in metro and selected regional locations across South Australia.

Features
Drawdown options	Receive your home loan as a lump sum, regular payments or a combination of both.
No negative equity guarantee	Our ‘no negative equity guarantee’ means you’ll never owe more than the value of your home.
Loan repayment options	Choose to make loan repayments, or defer repaying the loan until the house is sold or the last co-borrower moves out or passes away.
Loan amount	Loan amounts depend on how old you are, and the value of your property. The amount you can borrow increases each year from age 60 to 85.
No monthly account keeping fees	HomeStart's home loans have no account keeping fees.