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More seniors are choosing to use the equity in their homes to create the best retirement possible. Equity release provides the freedom they need to pursue their dreams, spend more time with family, and get the most out of life.
Unlocking some of the equity in your home can be a powerful strategy, both financially and personally. Accessing the equity in your home, debt free and by avoiding a reverse mortgage, is the best way to unlock funds when you need them the most, whilst at the same time managing the uncertainty of the years ahead.
Here are three top ways in which seniors use the equity in their home, debt free and to the full:
1. Pay off debt: Nobody wants to keep paying the bank, but more and more seniors are entering retirement with home loan balances, or other debts. Accessing the equity in your home as a lump sum allows you to lift this anchor on your finances and lets you keep more of your money for yourself, rather than giving it to the bank.
2. Home renovations: Unlocking the equity in your home provides a logical way to do those renovations or home repairs which can make such a difference to your retirement. Whether it’s giving your tired kitchen or bathroom a ‘face-lift’, or making extra space for the grandkids to stay, this is the most popular use for debt free equity release.
3. Lifestyle booster: Your ideal lifestyle is a personal matter – whether it’s just having some more income every month, taking regular trips overseas, eating out occasionally, or keeping your golf club membership, the funds accessed from the equity in your home can make a massive difference.
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. There is no time limit for the transaction, which means the homeowner is never under pressure to sell, and the share sold to Homesafe will never increase.
Thousands of over 60s have turned to Homesafe Wealth Release® to access the equity in their home, debt free, and 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 there is still a share of your home you can leave to your Estate.
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.
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