Reverse Mortgage, Explained Simply

Unlock the equity in your home — without selling or moving out.

Q: Will I ever owe more than my home is worth?

No. Under Australian law, all reverse mortgages regulated by the National Consumer Credit Protection Act must include a No Negative Equity Guarantee. This means you (or your estate) will never owe the lender more than your home sells for, even if the loan balance grows larger than the property's value over time.

If you're 60 or over and own your home, a reverse mortgage can turn part of its value into cash — for renovations, retirement income, medical costs, or helping family. No regular repayments required.

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No Negative Equity Guarantee
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Why Homeowners Consider It

Your home has value. You shouldn't have to sell it to use it.

A reverse mortgage lets you access some of that value while you keep living in the home you love.

Stay in your home

You keep full ownership and continue living in your home as your principal residence — nothing changes there.

No regular repayments

Interest is added to the loan balance over time — you're not required to make monthly repayments while you live there.

Flexible ways to draw it

Take it as a lump sum, a regular income stream, an on-demand line of credit, or a mix — whatever suits your plans.

Legally guaranteed protection

Australian law requires a No Negative Equity Guarantee on regulated reverse mortgages — you'll never owe more than your home is worth.

Use the funds for anything

Renovations, aged care, medical costs, topping up retirement income, travel, or helping the kids or grandkids — it's your call.

One-on-one, local advice

You deal directly with Logan — an independent, local broker, not a call centre — comparing options across a panel of 70+ lenders.

How It Works

Four simple steps, at your pace.

Free, no-obligation chat

Tell us about your home and what you're hoping to achieve — no pressure, no cost.

We compare your options

We shop your situation across our panel of 70+ lenders to find the right fit for you.

Independent advice

Before anything is signed, you'll get independent legal advice — it's required, and we'll help you arrange it.

Funds released

Once you're comfortable and everything is signed off, your funds are released the way that suits you.

Am I Eligible?

A quick guide to who typically qualifies.

Every lender is slightly different, but as a general rule:

You're aged 60 or over (the amount you can borrow generally increases with age)
You own your home outright, or have substantial equity in it
You live in the property as your principal place of residence
Not sure? That's exactly what the free assessment is for — just ask

Get your free reverse mortgage assessment

A few details is all it takes — Logan will personally call you back, usually within 4 business hours.

First Name

Last Name

Phone Number

Your Age

What would you like to use the funds for? (optional)

I confirm I (or the person I'm enquiring on behalf of) own or am buying my home, and I'd like to be contacted about reverse mortgage options.

By submitting, you agree to be contacted by Cabarita Finance about your enquiry. We'll never share your details with anyone else.

Common Questions

Reverse mortgages, honestly explained.

The questions we hear most from homeowners weighing up their options.

What is a reverse mortgage?

A reverse mortgage lets homeowners aged 60 and over borrow against the equity in their home without having to sell it or move out. Unlike a normal home loan, you don't have to make regular repayments — the interest is added to the loan balance, and the loan (plus interest) is typically repaid when you sell the home, move into aged care, or pass away.

Will I ever owe more than my home is worth?

No. Under Australian law, all regulated reverse mortgages must include a No Negative Equity Guarantee. This means you (or your estate) will never owe the lender more than your home sells for, even if the loan balance ends up larger than the property's value.

Do I have to make repayments?

No regular repayments are required while you live in the home. You're welcome to make voluntary repayments if you'd like to slow the growth of the loan balance, but you're not obligated to.

Who is eligible?

Eligibility varies by lender, but generally you need to be at least 60 years old, own your home (or have substantial equity in it), and live in it as your principal place of residence. The amount you can borrow typically increases with age.

What can I use the money for?

There are generally no restrictions. Common uses include home renovations, topping up retirement income, aged care or medical costs, consolidating debt, travel, or helping family financially.

Will it affect my Age Pension or what I leave behind?

It can. Funds you draw down may affect Centrelink's assets and income tests, and because interest compounds over time, a reverse mortgage will reduce the equity left in your estate. This is exactly why we recommend independent financial and legal advice, and also comparing the option against the Australian Government's Home Equity Access Scheme, before deciding.

Something this important deserves a clear-eyed look

A reverse mortgage is a significant financial decision, and it isn't the right fit for everyone. Interest compounds over time, which reduces the equity left in your home — and it can affect Centrelink entitlements and what you leave to your family.

Before you proceed with any lender, you'll be required to get independent legal advice, and we strongly encourage independent financial advice too. It's also worth comparing a reverse mortgage against the Australian Government's Home Equity Access Scheme, which may be a lower-cost alternative for some homeowners. You can read more from the independent government body ASIC at moneysmart.gov.au.

We'll always walk you through the numbers honestly, and there's never any obligation or pressure to proceed.