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.

No reviews yet. Write a review

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Review by

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206) and a Tier 1 Generic Knowledge certification (RG 146).

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, head to the Express Reverse Mortgage website and click on the Apply Now button. By filling in the form, Express Reverse Mortgage will assess your eligibility and get in touch if you're eligible.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.


    Default Gravatar
    September 14, 2023

    How do I apply for an express reverse mortgage

      September 21, 2023

      Hi Christine,

      To apply for an Express Reverse Mortgage you’ll need to head to the website, which can be found at From there you can fill out an online form to assess your eligibility.

      Hope this helps,


    Default Gravatar
    September 5, 2023

    My wife and I own our home valued at $600,00 on which there is a bank guarantee on the title for $140, 000 for my daughters home. Are we eligible for a reverse mortgage?

      September 5, 2023

      Hi John,

      You will need to mention this when enquiring with a lender, as it may adjust the amount you can borrow.

    Default Gravatar
    November 19, 2022

    We are respectively 84 and 83 years, on full pensions. We jointly own a villa in a strata complex of ten, in Port Macquarie, well managed by a professional agency with adequate property insurance,. present value about $575,000. We wish to establish a reverse mortgage with Express, of $20,000 having a Home Equity Access loan of $10,000. Would we be welcomed? And what would be the fees, rates and conditions?

      November 22, 2022

      Hi Jimatport,

      We are unable to advise whether any applications would be successful or not, that really depends on the lender’s criteria. Once you apply, they’ll review your application and circumstances in full against all of their credit criteria. To check if you’re eligible, it is best to contact Express directly.


    Default Gravatar
    October 10, 2022

    i have a house valued at$ 450000 but do not own the land–rented at $200 per week–can i still apply or a reverse mortgage ?

      October 22, 2022

      Hi Len,

      It would be best to get in touch with a lender directly to make sure you’re eligible, as it depends on the type of property e.g. whether it’s in a retirement village.


    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

      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!


Go to site