REVERSE MORTGAGE SPECIALISTS · VICTORIA
Senior Australians guided
All Aus.
Reverse Mortgages Victoria was built on a simple belief: that Australians approaching retirement deserve honest, expert, face-to-face advice from someone who genuinely understands their situation - not a call centre, not a sales script, and not a one-size-fits-all product.
Since 2002, that belief has guided everything we do.
Reverse Mortgage Purposes
Paul Dwyer
Founder
30+ years in retirement lending
Accredited and locally based in Victoria.
“If a reverse mortgage isn’t the right solution, we’ll say so. Our obligation is always to the client – not the transaction.”
How could a reverse mortgage help you?
For many Australians approaching or living through retirement, the greatest source of wealth isn’t in a bank account or a super fund - it’s in the home they’ve lived in for decades. A reverse mortgage offers a way to access some of that value, without selling, without moving, and without taking on the burden of regular repayments.
But a reverse mortgage is not a one-size-fits-all product. The right approach depends on your circumstances, your goals, and - importantly - your future needs. That’s why reverse mortgage victoria takes the time to understand the full picture before making any recommendation.
Three ways to access your equity
For immediate or current needs
Access a one-off amount to cover a specific cost, whether that’s a home renovation, a new vehicle, a dream trip, or helping a family member into the property market. A lump sum gives you the funds you need, when you need them.
For ongoing financial comfort
Arrange regular payments - monthly, quarterly, or over a set period - to supplement your pension or superannuation and give you a more comfortable, predictable cash flow throughout retirement.
For future peace of mind
Establish a credit facility you can draw on as and when you need it. This is particularly valuable for managing unexpected costs or planning ahead for future home maintenance and care needs, without committing to borrowing more than necessary.
Since 2002, Paul Dwyer has helped more than 2,000 Australians use their home equity to support their retirement goals.
With more than 23 years of reverse mortgage experience, Paul and his team provide personal, straightforward advice without the call-centre approach of many lenders and brokers.
- 23+ years specialising in reverse mortgages
- More than 2,000 borrowers assisted
- Face-to-face appointments in the comfort of your own home across Greater Melbourne
- Advice tailored to your retirement goals, lifestyle and financial position
- Consideration of your family, future care needs and long-term plans
- Clear, reliable advice focused on finding the right solution for you
It’s a personal approach designed to make what can feel like a complex financial decision simpler, clearer and more comfortable.
A reverse mortgage is a home loan, as described in both Stages 1 and 2 of the National Consumer Credit Protection Bill. The loan requires no regular repayments during the term of the loan. Mandatory repayments occur when the last remaining borrower no longer lives in the property, typically from sale of property, deceased estate, or moving to alternate accommodation.
Eligible homeowners aged 55 and over can access some of the equity in their home, without selling or moving out. You stay in the home you love, with greater flexibility to live on your own terms.
Refinance
ASIC Guidelines
ASIC requires that lenders show you how your loan balance and remaining equity may change over time. Paul provides these projections as standard and walks you through what they mean in plain language.
Eligibility
To be eligible for a reverse mortgage in Australia, you will generally need to meet the following criteria:
Age
You must be aged 55 or over (some lenders may require you to be 60). Where there are two borrowers, the age of the younger borrower is typically used to determine the maximum loan amount.
Property ownership
You must own your home, or have sufficient equity in it if an existing mortgage is to be refinanced.
Primary residence
The property must be your primary place of residence. Some lenders will also consider secondary properties or acreages.
Property type and value
All lenders cover standard residential properties. Lending criteria vary across lenders, which is one reason why access to the full panel matters.
If you are uncertain whether you qualify, the best starting point is a conversation
Eligibility also depends on the specific lender and their current criteria, which Paul assesses across all six lenders in the Australian market. If you are uncertain whether you qualify, the best starting point is a conversation - there is no cost and no obligation.
1999
Paul begins his career in the mortgage industry.
2002
Reverse mortgages become his sole focus.
Today
A small, dedicated team — and one of the most experienced specialist brokerages in Australia.
These conditions are standard across all reverse mortgage products and are designed to protect the value of the asset - which is in the interests of both the borrower and the lender. Paul will make sure you understand these obligations clearly before any loan is settled.
More than just a loan
At Reverse Mortgages Victoria, our advice extends well beyond the loan itself. We consider your age pension entitlements, potential aged care costs, your estate and your long-term financial wellbeing, so that any recommendation we make is genuinely right for you, now and in the years ahead.
Taking out a reverse mortgage is an important financial decision, and one that naturally intersects with broader estate planning considerations. We will guide you through what to expect and make sure you feel prepared and informed before any documents are signed.
Your independent legal appointment
Required for all borrowers once a loan is approved
A chance to review your will and confirm it reflects your current wishes
A chance to confirm or establish an enduring power of attorney, something every older Australian should have in place
A consumer protection in place since 2012.
Not sure which approach fits?
That is exactly what the first conversation is for. It is free, there is no obligation, and you will get a straight answer either way.
