Reverse Mortgages Explained

A Gekko Reverse Mortgage or an Equity Release Loan, allows you to keep the home you love and never owe more than its worth. Put simply, your home can give you the extra funds to enjoy your retirement with peace of mind. It lets you borrow cash against the equity in your home and make no repayments until you leave. Up to 50% of the value of the property can be borrowed, then after you leave, the proceeds of the sale are used to repay the loan. Any amount left over will go to you or your beneficiaries.

Added to that Gekko offers a number of flexible options to suit your specific needs. It gives you flexibility on the amount you borrow, the way you receive the funds and a choice of fixed or variable interest. There is even a choice with what you do with those funds and the way your repay them.

Gekko will only ever recommend a no negative equity guarantee Reverse Mortgage. This means you or your beneficiaries will never owe more than the value of your home so you will never need to make up any shortfall.

Our in-house Financial Planner will ensure that your maximum Centre Link entitlements are maintained. So if you think this Loan will suit you, dont delay - Call Gekko Now!

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