Maintaining Your Equity

For the purpose of illustration, the following table and graph show how a sixty year old who takes the maximum allowable equity release (15%) as a lump sum ($60,000) on a $400,000 home, builds equity under the following conservative circumstances:

Annual property value increase: 4% (Between 1984 and 2004 the average annual increase in property values has been approximately 8% - source ABS)

Interest Rate: 9.35% (Our current Fixed For Life rate at time of publication)

The Equity Release Loan product is issued by Vision Equity Living Pty Limited (VEL) ABN 57 111 895 473 and distributed by HBF under our Finance Brokers Licence FB3517. The lender for the VEL equity release loans is ABN Amro N.V. Australian Branch. Equity Release Loans are not available in some regional areas and may also be subject to different borrowing ratios and interest rates in locations outside the Perth metropolitan area. 

This information is general in nature only and does not take into account your personal objectives, financial situation or needs. You should read the Broker Services Guide – Equity Release Plans and are required to obtain independent financial and legal advice to determine the appropriateness of an Equity Release Loan before proceeding to acquire this product.
 
HBF Financial Services Pty Ltd 
ABN18 009 123 675
FB3517