Application Process

From the first reverse mortgage consultation call and throughout any further processes, we discuss your situation with you, in your home if you wish, and if it is possible,
brainstorming your needs and goals, calling on our years of working with seniors’ finances.

We then match your financial needs and goals with the best reverse mortgage lender for your unique circumstances

Our role is to make the process clear, respectful, and carefully aligned with your future.

Your finance is delivered in a way that provides the best reverse mortgage structure for you.

Step 1

Talk to our team. Get in touch

One of our Reverse Mortgage Australia specialists will work with you to determine your eligibility and the right option for you in terms of the lender and structure most suited to your needs.

Step 2

Application Interview and Completion
We prepare the application and associated compliance documents to meet strict Australian requirements. You collect the required supporting documents (ID documents, Bank statements, rates notice, strata levy notice). Then we have a meeting to review and finalise the application and collect your documents.

Step 3

Lodge the application and supporting documents

We compile the application and supporting documents and lodge them with the lender. We may need to ask you for extra information in some circumstances, if the lender requires clarification..

Step 4

Compliance Call

Before the valuation, or perhaps after it, the lender will call you to ensure you understand how the loan works and that you have not been put under undue pressure to take out the loan. You will have all the details you need and be prepared for this call from your meeting with us.

Step 5

Property valuation

When the lender has completed their initial review of your application, they will organise a valuation of your property. If a property inspection is required (usually but not always), the valuer will call you to make an appointment at a time that suits you..

Step 6

Approval after valuation

The lender reviews the report and your application. If this all meets the lender’s responsible lending criteria, they will approve your loan and make you a loan offer.

Step 7

Loan documents

Loan documents will be sent to you

Step 8

Solicitor

You must take the loan documents to your solicitor for signing. The solicitor will explain the legal implications of the reverse mortgage. Your solicitor will send the completed documents to the lender’s lawyers

Step 9

Settlement

The bank’s lawyers will arrange the registration of mortgage and playout of any amounts required. Then you can access any excess funds.

We support our client from the beginning of the first enquiry right through the whole life of the loan, if you have any questions throughout the application stage or the life of the loan we are more than happy to assist.

Call Now 0438 184 784

Reverse Mortgages Australia
Your Trusted source of Reverse Mortgage Advice, Delivery and support

From the first consultation with us, you can expect experienced, empathetic, specialist advice and a solution tailored to finance your retirement living and personal objectives.

We will ensure any reverse mortgage is sourced from trusted reverse mortgage lenders in Australia and meets your unique goals and your situation every time.

Get in touch today …

You will discover

the three-step process in operation

what you may be eligible for

how the loan may affect your future equity

how it works

and how it can meet your current knowledge, needs and goals

Talk with Us

CALL

0438 184 784

Info@reversemortgagesaustralia.com.au

or send your message using the form