BEING able to access the equity in your home is becoming a popular way to maintain your lifestyle in retirement but homeowners are looking for ways to do this without debt or taking out a loan.
Only debt free equity release strategies do not penalise retirees for living longer than expected. A debt free strategy allows you to enjoy retirement and relax about living longer, without any pressure to sell your home.
Accessing the equity in your home debt free has several benefits for you:
- Allowing you to supplement your retirement income
- Maintain the lifestyle you deserve
- Spend more time in your home with loved ones
- Finance expenses such as in-home care
- Stop worrying about outliving your retirement savings
This last point is an important one: several recent reports show retirees are making lifestyle sacrifices because they are worried about "longevity risk" - outliving their retirement savings.
Yet for many retirees, the answer to managing longevity risk is simple - being able to access the equity in their homes debt free.
Homesafe Wealth Release®, the only debt free equity release product available for older homeowners, has been designed to 'cap' the share Homesafe will receive on the sale of the home.
If the homeowner lives longer than they had expected, nothing changes under their Contract, and the share will never increase.
On the other hand, other forms of equity release, such as reverse mortgages, are loan products and are not "debt free", as the homeowner accumulates debt, via compounding interest, until the home is sold. The longer the homeowner lives, and stays in their home, the more interest accrues over time.
Thousands of over 60s have turned to Homesafe Wealth Release® to access the equity in their home, debt free, to maintain their lifestyle in retirement.
Homesafe Wealth Release is not a loan or a reverse mortgage, but a way to sell a share of the future value of your home - and receive the cash you need today*. There are no repayments and you remain the owner of your home until you choose to sell. Furthermore, as the share sold to Homesafe is capped, you have peace of mind that there is still a share of your home that you can leave to your family members.
Homesafe Wealth Release allows retirees to supplement their retirement income and avoid the stress related to downsizing.
For more information please call Homesafe on 1300 307 059 or visit our website homesafe.com.au
*Terms, conditions and eligibility criteria apply. Homesafe Wealth Release is available in 90% of eligible postcodes in Melbourne & Sydney.
