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Not all lenders' products are available through our broker network. However, our brokers can assist you in comparing various products and features.
General Details
Institution
ABN AMRO
Product Name
5 Year Fixed Rate Reverse Mortgage
Loan Conditions
Is there a guarantee of 'No Negative Equity'
Yes
Legal Advice Required
Yes
Lending in all Areas
Yes
Age 60
Min. Loan-To-Valuation ratio (LVR)
0
Max. Loan-To-Valuation ratio (LVR)
15
Min Loan Amount
10000
Max Loan Amount
10000000
Age 65
Min. Loan-To-Valuation ratio (LVR)
0
Max. Loan-To-Valuation ratio (LVR)
20
Min Loan Amount
10000
Max Loan Amount
10000000
Age 70
Min. Loan-To-Valuation ratio (LVR)
0
Max. Loan-To-Valuation ratio (LVR)
25
Min Loan Amount
10000
Max Loan Amount
10000000
Age 80
Min. Loan-To-Valuation ratio (LVR)
0
Max. Loan-To-Valuation ratio (LVR)
35
Min Loan Amount
10000
Max Loan Amount
10000000
Interest Rates
Rates Available
Fixed
Variable Rate
10.3
1 Yr Fixed
-
2 Yr Fixed
-
3 Yr Fixed
-
4 Yr Fixed
-
5 Yr Fixed
10.3
Fees
Total Setup Fees
1000
Ongoing/Annual Fee
0
Discharge Fee
250
Early Termination/Deferred Establishment Fee
DEF: 1% in first 5 years - not payable on death or move into aged care
Features
Partial Repayments Allowed
Yes
Repayment Notes
-
Drawdown - Lump Sum or Regular Payments
Lump Sum
Further Advances
Yes
Revaluation Required
Yes
Revaluation Frequency (yrs)
5
Revaluation Fee
0
Portability
Yes
Limit to Equity Reduction
10% pa without possibility of break fees
Avaliablility
NSW
Yes
ACT
Yes
QLD
Yes
VIC
Yes
TAS
Yes
SA
Yes
WA
Yes
NT
Yes
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