If you’re over 60 and own your home—or have significant equity in it—you may be sitting on a valuable financial resource without even realising it. At Mates Rates Mortgage Brokers, we help clients access this untapped potential through a flexible home equity release solution that puts your needs first—with the option of zero repayments if you choose.
What Is a Home Equity Release?
Put simply, it allows you to draw on the equity in your home to access cash—without needing to sell or move. Whether you need a lump sum, regular payments over time, or a contingency fund for unexpected expenses, this solution is designed to provide financial freedom while keeping you in your home.
How Can the Funds Be Used?
The money you access from your home can be used in a range of ways to enhance your lifestyle, support loved ones, or prepare for the future:
Finance & Flexibility
- Refinance an existing home loan for more manageable repayments
- Consolidate personal or business debts
- Purchase a new home that better suits your retirement plans
Home & Lifestyle
- Renovate or upgrade your home for comfort and accessibility
- Travel or buy a new car (within responsible lending limits)
Support for Family
- Help children or grandchildren with education costs or first-home deposits (with your future needs considered first)
Care & Security
- Cover healthcare and medical expenses
- Fund in-home care or contribute to aged care accommodation deposits (RAD/DAP)
Why Consider This Option?
- No regular repayments required (unless you choose)
- Stay in your home while using your equity to support your goals
- Set up a contingency fund for future peace of mind
- Invest wisely in superannuation or other appreciating assets (financial advice recommended)
At Mates Rates, we’ll guide you through your options with trusted advice, compassion, and clarity—so you can make informed decisions for a secure and comfortable future. Download the brochure for more information
