Refinance, relax and retire: Support clients over 60 with Connective Reverse

By the end of 2024, all baby boomers turned 60. How many of them are on your books? And how many are still making regular repayments on a home loan?

There are plenty of reasons Australians are still paying a mortgage into their 60s (and beyond):

• Increased house prices
• Extended mortgages to pay for renovations
• Helping kids onto the property ladder
• Divorce, something on the increase among this cohort

How can you help those clients?

Our new Retirement Refi loan gives you the opportunity to help those clients refinance their home loans with a simple product that offers a discounted rate and a streamlined application for fast approvals.

As a simplified version of our full-featured reverse mortgage, the Household Loan, regular repayments are not required. Your clients can live at home as long as they like with increased cash flow to support their lifestyle.

Retirement Refi features:

• Discounted rate - 50 bps below standard variable rate
• Bespoke pre-approval calculator to check eligibility
• Fast approval process that requires limited supporting documentation
• No regular repayments required
• Contingency fund of $25k included

Connective Reverse is a great solution for older clients still making regular home loan repayments. Instead, they can refinance their existing mortgage and free up their cash flow.

If your clients over 60 need a flexible lending solution, Connective Reverse could be it.

For more information, contact Connective Reverse’s broker support team:
P: 1300 162 183
E: connective.brokers@householdcapital.com