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A debt-free way to supplement your retirement income.

Release some of the capital tied up in your home, without taking on debt, and start living retirement on your terms.

✔ You Remain The Legal Title Owner of Your Home

✔ You Remain in Control of What Percentage You Sell

✔ You Live in Your Home For as Long as You Wish

✔ Debt-free Equity Release Solution

✔ Upfront, Lump Sum Payment

✔ No Rent, Repayments, or Interest

 
 
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With the boom of the Australian property market over the last several years, coupled with tougher pension eligibility tests and the increased cost of living, many seniors are finding themselves in an asset-rich, cash-poor position.

EquiKey has recognised this and come up with an innovative solution that can help you live the retirement you’ve worked for.

This is not a reverse mortgage nor home equity loan.

There is no compounding interest which means whatever percentage of your home you choose to sell, you realise the value of this share now, while protecting the remaining percentage for you or your beneficiaries.

Once you’ve released your equity through EquiKey you can use the money for any purpose, including:

  • Travel and personal expenses

  • Home renovations

  • Pay off mortgage or personal debt

  • Finance in-home or aged care

  • Gift to loved ones

How it works?

1) EquiKey values the equity in your home, free of charge

2) Your equity is listed for sale just as if you were selling your entire home (except when your equity sells, you don’t have the hassle of packing and moving!)

3) The investor in your home’s equity transfers their money to EquiKey’s Trust account while we lodge a caveat and lien on the property (this is to ensure the investor’s rights at time of sale and does not represent any debt)

4) EquiKey transfers the investors money to your nominated account, minus our fee of 2.5%, which goes to cover our upfront costs

5) Retirement begins, on your terms.

Call today on 1300 519 366 to speak to one of our home equity experts or complete the form below and we’ll get back to you

 

EquiKey is backed by:

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“EquiKey made it possible for us to take the trip we always said we’d do but just never got round to”

Peter & Diane H.

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With the money from my EquiKey investor I was able to make much-needed renovations and help my daughter with her first home deposit”

Bob S.

Leave your details and one of our home equity experts will get in touch to discuss how we can assist you in releasing the equity in your home, debt-free

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How is EquiKey different to a reverse mortgage?

This is an estimate only. You may end up with more or less equity in your home. Based on a $1 million dollar home, assuming a lump sum reverse mortgage of $150,000 at 7% interest and 1% house price inflation.   Source: moneysmart.gov.au/tools-and-resources/calculators-and-apps/reverse-mortgage-calculator

This is an estimate only. You may end up with more or less equity in your home. Based on a $1 million dollar home, assuming a lump sum reverse mortgage of $150,000 at 7% interest and 1% house price inflation.

Source: moneysmart.gov.au/tools-and-resources/calculators-and-apps/reverse-mortgage-calculator

A reverse mortgage (illustrated above) is a type of loan that allows you to borrow money using the equity in your home as security. Interest is charged just like any other mortgage (although it is typically higher than a standard mortgage rate) and is added to your loan balance. When your home is sold, the principal, plus the accrued interest and any fees must be paid back first. The cost of the loan (interest rate + fees) affects how much equity you will be left with - or in other words, how much money you will receive from the sale of the property. The main reason reverse mortgages have a bad reputation is because as the interest on the loan compounds, the homeowner’s debt grows - and thus their equity diminishes. This can happen quite quickly and without the homeowner necessarily being aware of how much equity they actually own.

With EquiKey, there is no debt, no interest repayments, and no application or on-going fees.

EquiKey works just like a regular real estate agent, except instead of selling your home and having to move, we sell a percentage of the home’s equity. This means you can continue to live in your home, rent and debt-free, but with added bonus of having a little more in your back pocket.

When you’re ready to sell your home, decide to move into aged care, or pass away we can help you sell the rest of your home (to your investor or to the open market) or buy the remaining percentage back from your investor.

Below you can see exactly how EquiKey compares to a reverse mortgage using the same assumptions as above. At the end of year 15, assuming 1% house price inflation, the equity in your home would be worth $931,074 with EquiKey versus $614,336 with a reverse mortgage. That’s a difference of $316,738!

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See how much equity you could release from your home, completely debt free!