Financial freedom for Baby Boomers in a Post-Covid World

Financial freedom for Baby Boomers in a Post-Covid World

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Sponsored content As we move into a new post-covid world, baby boomers are now ready for action - whether they are ready to buy that caravan they have been ad...

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As we move into a new post-covid world, baby boomers are now ready for action - whether they are ready to buy that caravan they have been admiring, renovate the kitchen, fix up the pool, even take that cruise, they are motivated more than ever to do what they can - the time for freedom is here.

The current property boom has provided an opportunity for homeowners to use the wealth built up in their home to fund their current lifestyle but also to help them make future plans. Time at home has also given them an opportunity to do their research and work out the best financial strategy for their circumstances.

Homesafe Wealth Release™ is the popular debt free equity release solution for homeowners to access the wealth in their homes - now more than ever. Homesafe is not a reverse mortgage or a loan product and is specifically designed to provide protections for homeowners for the life of the arrangement.

For over 16 years, Homesafe (in partnership with Bendigo & Adelaide Bank) has provided a tried and tested solution which has assisted thousands of homeowners by focusing on providing a safe and secure equity release option.

As an example, Frank and Nanette* from Essendon, Victoria, approached Homesafe as they are keen to complete some landscaping they have been planning for a while but would also like to upgrade their caravan so they can start taking their annual trips again, in comfort!

"For us, Homesafe was the right option. During lockdowns in Melbourne, we really missed seeing our family in NSW and we were unable to do our annual July-October trip up the coast. Our 10-year-old caravan has seen better days, so we have decided to upgrade it, because we think we deserve it! "

"For us, the Homesafe solution was the answer. We didn't want to go into debt, and it was the option our children were happy about."

They even ended up recommending the Homesafe product to their friends at the caravan club.

How does equity release generally work?

In Australia, equity release is available via a debt option (a reverse mortgage) or a debt free option like Homesafe. A reverse mortgage loan enables a homeowner to borrow against the equity in their home, with interest charges compounding into the future. A Homesafe Contract works differently.

As the popular alternative, the Homesafe option is a part sale property contract, where a homeowner receives a lump sum cash amount today and in return agrees to sell a capped share of the future sale proceeds of the home. Homesafe will only receive its share of the sale proceeds, usually many years down the track, when the homeowner chooses to sell or after they pass away.

A special and unique feature of the Homesafe Contract ensures if the homeowner sells earlier than anticipated, due to a unique feature, Homesafe will often receive less than the agreed capped share and the balance is returned to the Homeowner at time of sale.

How can I make an enquiry with Homesafe?

The team at Homesafe offer personalised service by phone initially, and a no-obligation meeting with a Homesafe Mobile Specialist in the comfort of your home is organised to ensure you can receive all the information you - and your family - need to make an informed decision.

For more information on how Homesafe has helped baby boomers for over 16 years, contact Homesafe on 1300 307 059 or visit www.homesafe.com.au.

*Terms, conditions, and eligibility criteria apply. Homesafe Wealth Release™ is available in 90% of eligible postcodes in Melbourne & Sydney.

*Actual customer story with names changed for privacy reasons.

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