As the first mutual bank to offer a reverse mortgage, more than 15 years ago, G&C Mutual Bank remains committed to helping older Australians. We developed the Retirees Access Home Loan to support retirees who wish to maintain a comfortable lifestyle while remaining in their own home.
With one of the lowest interest rates in the market and generous terms for surviving borrowers and approved residents, the Retirees Access Home Loan is a reverse mortgage that is administered by our team with a personal touch.
In one instance, an elderly couple needed to repair their house and buy a new car but were refused help from several banks. They were advised to sell their home to finance their needs, but they did not want to lose their family home. Fortunately, they contacted us, and we were able to offer them the Retirees Access Home Loan. The couple were relieved and said, “If it wasn’t for G&C Mutual Bank, we would have had to sell our family home.”
The Retirees Access Home Loan can help with expenses, such as home repairs and medical bills, as well as helping to improve retiree members’ lifestyles and the financial wellbeing of their children and grandchildren. Over the years, we’ve helped many of our members enjoy retirement in their own home.
Contact us to find out more.