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Capital Growth is also involved in the growth Reverse Mortgage sector. These products are ideal for “asset rich, cash poor” elderly homeowners and allows them access to their home equity without having to sell their property. No repayments are required during the loan term with the total interest, fees and charges being payable on sale or transfer of the property or 10 months from the date of the property passing to the estate of the last surviving borrower.
Several benefits of the loan include:
- Funds Can be Used for Any Worthwhile Purpose
- Both Standard and Fixed Rates Available to Your Client
- Regular Repayments are Not Required
- All Proceeds After The Sale of Your Property and The Repayment of The Loan Go To You or Your Estate
- You do Not Need Regular Income to Apply
- You Retain Full Ownership of The Property Until It is Sold And Retain All The Benefits of Any Growth In The Value of The Property
- An Inheritance Protection Option is Available Allowing Your Client to Choose to Protect a Portion of The Property’s Future Value. That Way, You Have a Guaranteed Portion of The Sale Proceeds Set Aside for You or Your Beneficiaries No Matter What The Final Loan Balance
- ‘No Negative Equity Pledge’ Means That Provided The Terms and Conditions of The Loan Have been Met, Your Client will Never Owe More Than The Value of The Property
Should you like to discuss this product further or you require any additional information, please contact your dedicated Capital Growth Account Manager who will be happy to discuss in greater detail. Please phone our office on 1300 76 79 74 or
03 9693 0777.
Alternatively click here to submit an enquiry form.
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