When most retirees think about getting a reverse mortgage, they focus on one thing—the interest rate. But here’s the truth: comparing rates is just the beginning.
Our research has revealed Australia’s top reverse mortgage lenders differ in over 150 ways—from eligibility rules to post-settlement processes that can impact your long-term costs and even your experience as a borrower.
Why the 150+ points of difference between the top 4 Reverse Mortgage lenders matter
Every lender has its own approach to:
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Loan features – interest rates, fees, LVR (loan-to-value ratio), and drawdown options.
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‘Hidden’ credit policies – rules on gifting money to family, using funds for renovations, property restrictions, or even how your spending habits are assessed.
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Post-settlement loan procedures – whether lenders pass on interest rate cuts, allow easy redraw access, or offer flexible cash reserves.
Most of these are not published anywhere online. Without this industry knowledge, retirees can waste months applying to the wrong lenders, get declined, or end up with a loan that doesn’t fit their needs. These differences can affect:
✅ How much you can borrow
✅ Whether your loan is approved
✅ Your long-term costs and access to funds
To make things easier, we’ve created an exclusive Reverse Mortgage Australia infographic that shows the major areas where lenders differ:
Plus we’ve published a detailed nine minute explainer video to guide you through the process:
Why Use a Specialist Reverse Mortgage Broker?
Because so much of this information is hidden, it’s almost impossible to compare reverse mortgage lenders on your own. A general mortgage broker may not know these details either.
As Australia’s leading reverse mortgage specialist broker, Seniors First has helped 5,000+ clients navigate these 150+ points of difference. We’ll match you with the right lender, increase your chances of approval, and help you structure your loan to reduce costs and protect your home equity.
Start with a Free Eligibility Check
Ready to see how much equity you can unlock? It only takes one minute to get an indicative result.
👉 Check your reverse mortgage eligibility here
With the right guidance, you can access the wealth in your home safely—and avoid costly mistakes along the way.