In the uncertain world we live in today, many retirees are concerned about outliving their retirement savings. As recent events have caused great anxiety and distress for many Australians, there is a company helping retirees, when they need it the most.
A debt free equity release strategy, which enables homeowners to access the equity in their homes, can free up cashflow and savings, to get through these challenging times. It can allow over 60s to top up super, pay off debt or enable them to put some money away to cover living expenses.
Homesafe Wealth Release® is the only debt free equity release product available for older homeowners and 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.
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 support and 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. 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.