ASF Lifetime Loan

Police Credit offers members a reverse mortgage product through the Australian Seniors Finance (ASF) Lifetime Loan.

As a retiree, you may own your home outright but find that your income is not enough to meet your needs. A reverse mortgage allows you to borrow against the value of your home to supplement your income during retirement. It operates in the same way as a normal mortgage, only in reverse. Rather than you having to repay money each month, the lender pays you, either in a lump sum or with regular payments. You can voluntarily pay out the loan at any time. Otherwise, there is nothing to pay until you move out of your home or sell your home, or after the death of you and your surviving nominated partner.

Benefits of an ASF Lifetime Loan

 A cash resource for whatever you need

 Title stays in your name and your home is yours for life

 Take the loan as a lump sum, regular payments or a combination

 Cash reserve facility

 No negative equity guarantee

Wouldn’t it be great if you could use the equity in your home to fund the things you would like to do?

You can. With an ASF Lifetime Loan, you can unlock your wealth and turn your bricks and mortar into a cash resource to fund the lifestyle you would like to live. It could also mean you no longer have to compromise on the things you really need or worry about those unexpected emergencies. Today, many people over 55 are finding that an ASF Lifetime Loan is giving them new freedom to unlock their accumulated wealth. And unlike some other loans you don’t have to sell your home and your title remains in your name.

You can trust The Home Equity Release Specialist.

Australian Seniors Finance is an Australian company specialising in home equity release – specifically for Seniors. ASF's single purpose is to help seniors turn their bricks and mortar into a cash resource. All ASF's professional expertise is focused on providing the very best features and benefits for their valued customers. What’s more, funding is provided by the Commonwealth Bank of Australia and Hannover Reassurance. So go ahead and enjoy the things you need by unlocking the equity that exists in your home.

Our pledge to you.

ASF recognise the immense trust you will place in them when deciding to take out an ASF Lifetime Loan. In return, ASF pledge the following:

 Pledge 1 You will never be required to make any loan repayments during the term of the loan.

 Pledge 2 You can remain living in your home for as long as you choose. When it is time for you to leave your home, ASF's Loan Repayment Guarantee means that, so long as all conditions of the loan have been met, your repayment amount will never exceed the net sale proceeds of the property.

 Pledge 3 It is important that you are absolutely happy with all aspects of the ASF Lifetime Loan. For this reason, your legal work will always be performed by the Solicitor of your choice who will work with ASF to ensure that everything is fully explained and discussed with you. If at any time you want to contact ASF about your loan, or any related matter, ASF will be more willing to help in any way they can.