Household Capital is Australia’s most trusted provider of home-equity release.

A long-term partner of YourLifeChoices, Household Capital help you access the wealth in your home to fund the lifestyle you want in retirement.

With this home equity release service, Household Capital offers the lowest available reverse mortgage rate in the market. Their mission is to improve retirement income so Australian retirees can live in comfort and with confidence in their own homes.

 

Frequently Asked Questions

A Household Loan is our innovative approach to borrowing against home equity for responsible, long-term, retirement funding. It is a type of reverse mortgage.

A reverse mortgage allows you to borrow money using the equity in your home as security. Interest is charged like any other loan, but you don’t need to make repayments while you live in your home. The loan must be repaid in full when you sell or leave your home or, in most cases, if you move into residential aged care.

Please see the Reverse Mortgage Information Statement for more information.

To find out more about reverse mortgages, including a reverse mortgage calculator to help you work out how much equity you may have in the future, visit the Australian Securities and Investments Commission’s free consumer website at www.moneysmart.gov.au.

Try our equity calculator or call us on 1300 760 139 to see how using your Household Capital could improve your retirement income so you can stay safe and Live Well At Home.

Interest Rate The interest rate on a Household Loan is a variable rate of 4.95% per annum (comparison rate of 4.98% per annum), which is Australia’s lowest rate for a reverse mortgage or equity release product.

Disclaimer: Comparison rate based on a secured loan of $150,000 over a 25-year term. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates.

Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. ^Amounts spent will be added to your Household Loan and accrue interest like any other funds drawn via your Household Loan.

The Age Pension is an important source of income for many retired Australians. We can work with you to understand how a Household Loan can be used to preserve your pension entitlements and always recommend you speak to Centrelink to ensure your entitlements aren’t affected.

Try our equity calculator or call us on 1300 760 139 to see how using your Household Capital could improve your retirement income so you can stay safe and Live Well At Home.

If you are using home equity to top up your superannuation or other investments, you are required to get appropriate financial advice. This will help you determine how best to deploy your home equity to ensure improved long-term retirement funding. A financial adviser can also help structure your financial affairs to maximise entitlements to the Age Pension.

Try our equity calculator or call us on 1300 760 139 to see how using your Household Capital could improve your retirement income so you can stay safe and Live Well At Home.

Household Capital requires you to get appropriate legal advice to ensure you understand your rights and obligations, and to confirm that a Household Loan is right for your circumstances.

Try our equity calculator or call us on 1300 760 139 to see how using your Household Capital could improve your retirement income so you can stay safe and Live Well At Home.

Interest Rate The interest rate on a Household Loan is a variable rate of 4.95% per annum (comparison rate of 4.98% per annum), which is Australia’s lowest rate for a reverse mortgage or equity release product.

*The Comparison Rate based on a loan of $150,000 for 25 years is 4.98% per annum. Fees and charges may be payable. Note: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Establishment Fee Household Capital charges an Establisment Flat Fee (including valuation and conveyancing) of $950.

Try our equity calculator or call us on 1300 760 139 to see how using your Household Capital could improve your retirement income so you can stay safe and Live Well At Home.

Household Capital receives an Establishment Fee to cover the costs of putting the loan in place, and interest is charged on the capital drawn from your home. Household Loans have a variable interest rate with no ‘break costs’ or hidden fees.