Express Reverse Mortgage

The Express Reverse Mortgage is a simplified version of a traditional reverse mortgage.

The Express Reverse Mortgage is different to most reverse mortgages. You can only borrow a small amount of cash, but the upside is fewer restrictions based on your age and loan-to-value ratio, plus the rate is lower.

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Review by

Richard Whitten is an editor at Finder, and has been covering home loans and the property market in Australia for the last 4 years. He has written for Yahoo Finance, Money Magazine and Homely, as well as multiple banks and lenders. Richard has a Certificate IV in Finance and Mortgage Broking, a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communication. He enjoys helping people understand the ins and outs of mortgages so they can make smarter property decisions. Richard trained as a high school teacher but found it easier to manage personal finances than a classroom full of kids. Before joining Finder, he edited textbooks and taught English in South Korea.

Expert review

The Express Reverse Mortgage is really suited to a specific type of borrower. Obviously you need to own a home and be over the age of 60. But you're probably also looking for a small infusion of cash to cover specific expenses.

About this loan

What are the features and benefits of the Express Reverse Mortgage?

  • Property value. There is no LVR restriction for this product. Instead, your home needs to be valued at a minimum value of $400,000.
  • Loan amount. With this loan you can only access up to $50,000 of your equity, with a minimum loan size of $20,000.
  • Fees. This loan has an application fee and a valuation fee. The cost of the valuation fee differs depending on how much your property costs. For properties under $2 million the fee is $350.

How to apply

To apply for this home loan or learn more about it, click the green button and follow the steps to speak to a mortgage specialist from Express Reverse Mortage. They'll explain any eligibility requirements and help you get started with your application.

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  1. Default Gravatar
    February 28, 2022

    I would like some more information on getting a reverse mortgage. What types are there? I would like to get some money to get some home improvements done. We intend to remain in our house. Where can I go to get such information such a fees and other costs.
    The value of our house and land is about $800.000

    • Avatarfinder Customer Care
      March 5, 2022

      Hi Oriono,

      There’s only one type of reverse mortgage and it usually involves borrowing some money now against the value of your property, with the funds to be repaid out of your estate. Usually, you provide some equity (or growth in value of the property) as part of the arrangement

      To get more insights and to better understand how it works, visit our Reverse mortgages page.

      For the Express Reverse Mortgage, you can view their rates and fees on their website.

      I hope this helps!


  2. Default Gravatar
    February 11, 2022

    Hi, I live in a lifestyle community, my house as it stands is worth approx $580,000 . Upon my death/sale of the house the value would be $446,000 after the fees payable to lifestyle. I hope you are able to find a reverse mortgage of $40,000 for me. Kind Regards. Dorothy.

    • Avatarfinder Customer Care
      February 24, 2022

      Hi Dorothy,

      This is a comparison website where we list the options available. You’ll need to contact the lender directly to see if you qualify for finance; you can check your options and apply for a home loan Express Reverse Mortgage directly by visiting their website.

      For a list of other lenders offering reverse mortgages, you can check our guide here.
      Compare and choose a lender using our table. Then click the Go to Site button to apply.

      Don’t forget to check the product terms and conditions as well as the eligibility requirements to make sure that they would suit your needs.

      Many thanks,

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