Use the equity in your home for what's most important for you
A comfortable lifestyle at any age
You've probably lived in your home for several years, with friends and family nearby - and selling it just to access funds may not appeal to you. The same may be said for renting out part of your home.
With a Seniors Money Loan, you can release some of the equity that's already in your home, so getting started on your important life projects has never been easier. A Seniors Money Loan allows you to borrow against your home while retaining ownership of it* - so you can enjoy some of the equity you've earned.
Use your payment for whatever you wish, with no repayment required until you move, pass away or sell your home.** Interest is compounded monthly to the balance of your Seniors Money loan.
A Seniors Money Loan has a variable interest rate. The interest rate is based on our selected bank’s prime rate plus a variable adjustment. The variable adjustment is published on our website.
Seniors Money aims to offer competitive pricing to all our customers. While the variable interest rate will change over time, Seniors Money promises it will never exceed our selected bank’s Prime Rate + 2% per annum, calculated and compounded monthly.
Seniors Money is a leading provider of reverse mortgages worldwide due to our flexibility and high level of service. We offer choices for payment - either as a lump sum, a lump sum with regular payments or a lump sum with future top-up option - and we're the only provider that allows repayment at any time without penalty. Unique to the industry, Seniors Money also features an Equity Protection Option and our Seniors Money Loan Promise - which you won’t have to pay that part of the amount you owe to us that exceeds the net sale proceeds of the mortgaged property as long as you are not in default on your mortgage and as long as you sell the mortgaged property for at least its fair market value on the date of the sale, based on an appraisal we may get.
Seniors Money sets the standard for product quality and fairness in every market in which we operate. By choosing a Seniors Money Loan, you can be assured that you've made the right decision for now and in the future:
- Apply to borrow the amount you actually need right now, then apply for more later, if needed
- Receive your loan as a lump sum, a lump sum with regular payments or a lump sum with a future top-up option
- Pay no penalties if you decide to repay the loan early
