Funding options

Four questions before accessing property funds.

Where do funds come from, what are they for, how are they repaid and what do they cost?

Prepare these details

Understand the purpose of funds and your repayment sources before reviewing property value and existing debt. Available amounts and conditions require institutional assessment; borrowing against property creates repayment obligations.

Clear numbers

Depending on the arrangement, consider interest, valuation, legal, early repayment and other costs. Reverse mortgages also involve insurance premiums and counselling costs. Obtain written fee information and ask about referral remuneration before proceeding.

Clear responsibilities

Outcomes depend on property, income, debts, rates, fees and approval conditions. Savings, returns and approval are not guaranteed. Any investment or insurance component requires its own assessment of risks and obligations.