Over 50 and exploring your home loan options?

Whether you're buying a new home, refinancing or accessing equity in your property, Aurevia helps you understand your lending options and make informed decisions about your financial future.

TALK TO RK

How we help borrowers over 50.

Buying your next
home

Whether you're downsizing, relocating or purchasing a property that better suits your lifestyle, we'll help you explore home loan options that consider your current circumstances and future plans.

Refinancing your mortgage

If your existing home loan no longer meets your needs, we'll help you review your interest rate, loan features and repayment commitments to determine whether refinancing could be worthwhile.

Accessing property equity

If you've built up equity in your home, you may be able to use it for renovations, another property purchase or other financial goals. We'll help you understand your borrowing options and the implications of accessing that equity.

Meet your partner in finance, RK.

Borrowing later in life can bring different considerations, particularly when you're approaching retirement, managing investments or planning how you'll use your property equity.

RK takes the time to understand your financial circumstances, your plans for the years ahead and what you're looking to achieve. He'll explain your lending options and help you make informed decisions that take your longer-term needs into account.

From understanding lender requirements to exploring suitable loan options and managing your application, RK will guide you through the process beginning to end.

RK is available 7am to 7pm, 7 days a week.
Talk to RK directly on 0412 517 237

TALK TO RK

What matters when borrowing later in life.

Your income and repayment capacity

Lenders assess your ability to meet repayments based on your income, expenses and existing commitments. If you're approaching retirement or already retired, they may also consider how your income is expected to change.

Your plans for retirement

If your loan is likely to continue into retirement, lenders may ask how you intend to manage or repay the outstanding balance. This could involve superannuation, savings, investments or other financial resources, depending on your circumstances.

Your available property equity

Equity in an existing property may help support a new purchase, refinance or other borrowing needs. However, the amount you can access depends on the property's value, your existing debt and the lender's assessment requirements.

Let's talk about your next move.

Whether you're planning a move, reviewing your mortgage or exploring how your property could support your future plans, RK can help you understand your lending options and what to consider next.

Frequently Asked Questions.

  • Yes. Being over 50 doesn't automatically prevent you from obtaining a home loan. Lenders assess your income, expenses, existing debts, assets and ability to repay the loan. If retirement is approaching, they may also consider your plans for repaying the loan over its term.

  • There isn't a single maximum age that applies across all lenders. However, lending policies differ, and your age may influence how a lender assesses your loan term, repayment capacity and retirement plans. We'll help you understand which options may be suitable.

  • It's possible to qualify for a home loan in retirement, depending on your financial circumstances. Lenders may consider income from superannuation pensions, investments, rental properties or other eligible sources, along with your assets and repayment capacity.

  • Yes. Refinancing may be an option if you're looking for a more competitive interest rate, different loan features or an arrangement better suited to your circumstances. Lenders will assess your current financial position, and refinancing costs should also be considered.

  • Potentially. If your property has increased in value or you've paid down your mortgage, you may have equity available. The amount you can borrow will depend on your income, existing commitments, property value and lender requirements. Accessing equity increases your debt and may affect your future financial position.

  • Not necessarily. However, if your proposed loan extends into retirement, lenders will generally want to understand how you intend to meet repayments or repay the outstanding balance. Your circumstances and the lender's policies will determine what arrangements may be acceptable.