FAQs at MELBOURNE MORTGAGE FINANCE
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1 When I die, do my children have to sell my home and repay the loan? Administrator 378
2 What happens if I need to move into permanent Aged Care? Administrator 366
3 Are there any penalties for fully repaying the loan early? Administrator 378
4 When does the loan have to be fully repaid? Administrator 340
5 Can I estimate the future loan balance and remaining equity in my home? Administrator 360
6 Who benefits from increases in the property's value? Administrator 440
7 Do I need to insure and maintain the property? Administrator 424
8 Can I borrow more later on? Administrator 429
9 Can I move to another home and still keep my loan? Administrator 401
10 Can I remain in my home indefinitely? Administrator 336
11 Can I make voluntary lump sum partial repayments? Administrator 398
12 Does the loan balance increase? Administrator 372
13 Do I have to make regular monthly repayments? Administrator 359
14 How can I take the Reverse Mortgage funds? Administrator 352
15 Is there a specific Reverse Mortgage loan term? Administrator 371
16 What is a No Negative Equity Guarantee? Administrator 490
17 What is an Equity Protection Option ? Administrator 418
18 Can I arrange a Reverse Mortgage loan if my home is already mortgaged to another lender? Administrator 377
19 Who should own the property and who should be the borrowers? Administrator 389
20 Must I give my property title to the lender? Administrator 351
 
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Barry LeBrocq is a Credit Representative (Credit Representative Number 400034) of BLSSA Pty Ltd
(Australian Credit Licence No. 391237)