The Advantages of a Seniors Money Loan

No regular repayments required.

Your Seniors Money Loan does not have to be repaid until you sell your home, you or your surviving partner pass away or move permanently from your home for any other reason. However, you have the option to repay the loan whenever you choose, without penalty.

The Seniors Money Promise.

At Seniors Money, we promise that that 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.

Equity Protection Option

At the time of your loan, you can choose an Equity Protection Option of either 10%, 20% or 50%.

If the net sale proceeds of the mortgaged property are less than the amount you owe to us, we will reduce the amount you owe to us to leave a portion of the net sale proceeds equal to the Equity Protection Option percentage you selected, so long as you are not in default of your mortgage, and you sell the mortgaged property for at least fair market value determined at the date of the sale, based on an appraisal we may get.^*

Use the funds as you wish.

Spend your funds on home improvements, travel, a new car, family or anything else you need. The choice is entirely yours.^**

Take the loan as a lump sum or as regular payments.

Receive your funds as a Lump Sum, a Lump Sum with regular payments to you or as a Lump Sum with a future top-up option.

Your home is yours for life.

You retain ownership of your house^***—There amount you owe to us won't be due before you move, pass away or sell your home.^****

Release the value in your home.

Access some of the equity you have built up in your home.