Loan Features
Access home equity without selling
Allows eligible homeowners to borrow against their property while continuing to live in it.
No regular repayments required
Interest is added to the loan balance, and repayment occurs when the home is sold or the homeowner passes away.
Loan amount based on property value and age
Older borrowers with higher-value homes can generally access more funds.
Flexible access to funds
Funds can be drawn as a lump sum, regular payments, or line of credit.
Interest accrues over time
The loan balance increases gradually, reducing available equity until repayment.
Government regulation and safeguards
Reverse mortgages are regulated, ensuring borrowers are informed and protected.
GKM Mortgage Brokers have solid relationships with lenders that can provide competitive rates and flexible terms for older borrowers.
Why use a Broker?
Flexible funding for personal or business needs
Term loans provide a lump sum of funds that is repaid over an agreed period with regular repayments.
Access multiple lenders and options
Brokers know which lenders provide competitive rates and flexible terms for older borrowers.
Guide on eligibility
Advising on age, property, and equity requirements to ensure qualification.
Structure the loan safely
Brokers help borrowers understand limits, interest accrual, and repayment timing.
Manage the application process
Handling paperwork, valuations, and lender communication reduces stress.
Provide clear advice
Ensuring borrowers fully understand the impact on their estate and future equity.
Ongoing support
Assistance if circumstances or needs change over time.