Unlock the Value in Your Home, Without Selling It

If you’re aged 60 or over, a reverse mortgage can help you access the equity in your home to supplement your retirement income, pay for expenses, or simply enjoy a more comfortable lifestyle. At Base Home Loans, we make reverse mortgages simple to understand and help you decide if it’s the right fit for your needs.

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What is a Reverse Mortgage?

A reverse mortgage allows you to borrow against the value of your home while continuing to live in it. Unlike a traditional home loan, you don’t need to make regular repayments — instead, the loan (plus interest) is repaid when you sell, move into aged care, or pass away.
For many retirees, it can be a practical way to access funds without needing to sell the family home.

Here to Guide You Through the Process

Making decisions about your home and finances later in life can feel overwhelming — but you don’t have to do it alone. Daniel, founder of Base Home Loans, has helped hundreds of Australians navigate important lending choices like reverse mortgages with care and clarity.

With years of experience across all areas of home finance, Daniel takes the time to listen, explain your options in plain language, and make sure you feel comfortable at every step. His approach is built on trust, transparency, and a genuine focus on your goals — whether that’s enjoying more freedom in retirement, supporting your family, or simply feeling secure in your home.

When you work with Daniel, you’ll get a mortgage broker who understands not just the numbers, but the people behind them.

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Common questions

Most lenders start offering them from age 60. The older you are, the higher the percentage of your home’s value you can access.

No — repayments are usually only made when the property is sold, or you move permanently into aged care.

You retain ownership of your home and can live in it as long as you wish, provided you meet the loan conditions (like keeping up with rates and insurance). There are also Government protections around reverse mortgages to ensure you don’t enter negative equity territory.

It depends on your age, the value of your home, and the lender’s criteria. Typically, it ranges from 15% to 45% of the property’s value.

Australian regulations include a no negative equity guarantee, meaning you’ll never owe more than your home is worth when it’s sold. They will just have less equity in the home if and when you pass it on to them.

The reverse mortgage usually becomes repayable once you permanently move into aged care. Often this is done through the sale of the property.

Generally yes — whether it’s living expenses, travel, medical care, or helping family. Some lenders may have specific rules, but most allow flexible use.

Typically 4–6 weeks, depending on valuations and lender processing times.

Yes, but the loan balance (including interest) will reduce the equity in your home, which may mean a smaller inheritance. We can help you understand the impact.

It can. The amount you access from a reverse mortgage may be treated as an asset or income, which could impact entitlements. We recommend checking with Centrelink or a financial adviser.

Reasons why people choose a reverse mortgage

  • Supplement retirement income
  • Cover medical or aged care costs
  • Pay for home improvements or renovations
  • Consolidate debts for peace of mind
  • Help children or grandchildren financially
  • Enjoy more freedom in retirement (travel, lifestyle upgrades)
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how does a reverse mortgage work?

important things to know about a reverse mortgage

While a reverse mortgage may be a great option to explore it’s important to understand the details. Here’s some things to be aware of:

Are you eligible?

Typically reverse mortgages are available to homeowners aged 60 and over. The older you are, the more you can borrow.

Loan repayments

No regular repayments are required. Interest compounds over time and the loan is usually repaid when the home is sold.

Borrowing limits

Lenders usually let you borrow a percentage of your home’s value, based on your age and property type.

Impact on Inheritance

Since the loan balance increases over time, the equity you leave to your estate may be reduced.

Government Protections

Australian reverse mortgages are regulated. Most include a “no negative equity guarantee”, meaning you’ll never owe more than your home is worth.

Alternatives to consider

Other options may include downsizing, using superannuation differently, or accessing government support programs. We’ll help you weigh up what’s best for your situation.

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how can base home loans help?

Our job is to simplify the process for sure, ensuring you can make informed decisions for your financial future with ease.

explain the fine print

We break down how reverse mortgages work, in plain language.

compare lenders

Not all reverse mortgages are the same. We’ll show you your options.

work with your family

If you’d like, we can involve family members to make sure everyone understands.

guide you every step

From application through to settlement, we handle the process for you.

why choose base home loans?

  • Experienced in guiding clients through later-life lending decisions
  • Clear, empathetic explanations so you feel informed, not pressured
  • Focus on long-term planning, not just short-term cash flow
  • Access to multiple lenders with flexible reverse mortgage options

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