Investment Property Reverse Mortgage Loan Product Summary

Minimum Amount	$20,000
Maximum	No maximum, subject to the assessed value of the security property
Minimum Age	65
Loan to Valuation Ratio	5 year term - Maximum of 40% providing aged over 65 20 year term - LVR according to age
Property restrictions	No retirement villages/resorts or transportable homes. Some postcode restrictions apply.
Negative Equity Guarantee	Neither the borrower nor their estate will owe more than the value of the property unless the borrower breaches the loan terms.
Insurance requirements	Current homeowners replacement insurance policy and landlord insurance if property is tenanted
Security	Registered first mortgage over residential property

Product Choices

Lump sum options	Variable interest rate
Monthly income options	Variable interest rate over 5,10,15 or 20 years.(Cannot exceed term of loan) Equal payments or 2.5% annual increase
Flexible drawdown options	Standard variable interest rate Draw funds as and when required up to an agreed limit

Borrowers may elect to take the loan in combinations of lump sum, monthly income and flexible draw facility. In addition, up to 25% of the value of the home may be protected (maximum level of borrowing will be effected)

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