Accommodation Bond Loans

There are several reasons why you may choose to move from your home into an aged care facility. You may need specialist care or just want more company.

Many people think that to make this stressful decision, they will have to sell their home or rely on help from their family. However, with the help of Accommodation Bond Loans, this is no longer necessary.

These loans are designed to cover the costs of moving into aged care facilities using the equity you already have in your own home.

The loan amount is flexible, with the ability to borrow up to 50% of the value of your home. The loan is available for 5 years to enable the lender to provide you the maximum available. (Should you need less than 50% of the property value, alternate arrangements can be made for longer terms). You can receive the funds as a lump sum, monthly income or as a flexible drawdown, whichever suits your needs best.

You have the security of a no negative equity guarantee and can choose to protect up to 25% of the equity in the property. Others can still reside in the home, including people renting your home if you wish.

The option is there to simplify your financial needs so you can make the transition into aged care with the minimum of stress and fuss.

Why not make an obligation free appointment with a specialist consultant to see if this or any of our other senior’s products will suit your needs?
 

To contact your local Money Heroes call 1300 MY HERO (1300 694376) or click here