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Use an A.S.A.G. Reverse Mortgage to pay for aged care without having to sell your home.
A.S.A.G. Aged Care Reverse Mortgage option can be the solution for you and your family. Based on the age of the borrower, you could unlock as much as 50% of your home’s value.
In 2014, the government introduced the Living Longer, Living Better reforms to improve the quality, accessibility, and sustainability of aged care in Australia.
Although Australia is renowned globally for providing excellent and all round aged care facilities and quality of care, they can be quite expensive. These can depend on the chosen type of accommodation and the location of the facility. If one of your family members is going into aged care, you may face several fee layers, like the following.
The RAD, an upfront lump-sum payment, is often the hardest to pay to the aged care facility. Families are usually shocked to find they need to shell out between $300,000 and $500,000, or even more in some cases. This is if they want to pay for residential aged care through a RAD with a lump sum rather than paying a DAP on a daily basis.
Many families will be required to sell the family home to accommodate for funds to pay for a RAD, which may cause distress. Although, in most cases, the house could be retained by using a reverse mortgage to fund aged care costs.
If you have limited cash to pay for a RAD or other fees for aged care, there’s an option suitable for you to avoid selling your home.
A.S.A.G. Aged Care Reverse Mortgage option can be the solution for you and your family. Based on the age of the borrower, you could unlock as much as 50% of your home’s value.
It’s among the few specialist aged care reverse mortgage loan products available in Australia. It provides a funding alternative to those going into residential aged care and their families.
The interest is added to the loan on a monthly basis, and there’s no need to make regular repayments. You retain ownership of the family home and release equity to pay for aged care costs, providing much relief to you and your family.
Here are some useful aged care resources for more information before making a decision of whether an A.S.A.G. Aged Care Reverse Mortgage is the right decision for you and your family:
Here are some useful aged care resources for more information before making a decision of whether an A.S.A.G. Aged Care Reverse Mortgage is the right decision for you and your family:
Trust Pilot
We are very happy to “highly recommend” Gavin Luka for providing his thoughtful, empathetic, personable yet professional service during the acquisition of loan process. Gavin’s ability to ‘make it happen’ in a calm, seamless manner at a very stressful time for us – meant a lot.
Thankyou Gavin, what a ‘star’. Blessings to you
ASAG are very fortunate to have you on their team. Well done.
Trustpilot
We are very happy to “highly recommend” Gavin Luka for providing his thoughtful, empathetic, personable yet professional service during the acquisition of loan process. Gavin’s ability to ‘make it happen’ in a calm, seamless manner at a very stressful time for us – meant a lot. Thankyou Gavin, what a ‘star’. Blessings to you
ASAG are very fortunate to have you on their team. Well done.
Trustpilot
I have been absolutely thrilled with not just the professional service offered by ASAG but also by their kindness and understanding. Compared to two other major Reverse Mortgage companies who between them took 13 months to decline my application due to me living in a resort I have found Gavin Luka at ASAG extraordinary in his patience with any amount of questions which were answered so promptly and in full. A very happy life ahead.
Trustpilot
dealing with paul and gavin was extremely easy and also very pleasureable. if taking out a reverse mortgage i would reccomend asag to anyone.
Trustpilot
I have used this company very recently and especially Gavin.He was so helpful in every way and talked me through everything that I needed to do.He was so polite , understanding and gentle with this gal as I was sick at the time but he just explained it all step by step and made the whole procedure as painless as possible though it wasn’t as easy a procedure as I’d hoped.They always answered the phone promptly and if Gavin wasn’t immediately available he’d always ring back very promptly.I can assure you this company is so easy to deal with.
Contact Us
Phone: 1300 002 724
Email: info@asagfirst.com.au
Opening Hours
Monday to Friday
8am – 5pm
Australian Seniors Advantage Group
Australian Seniors Advantage Group Pty Ltd
ABN: 55 604 197 275
Australian Credit Licence Number: 481816
