These home loans offer low costs, coupled with a host of features, giving the best overall value.
7+
Great
These home loans may have slightly higher interest rates or fewer features but overall, a competitive offering.
5+
Standard
Usually the home loans would offer above average rates. They may still include some competitive features.
0+
Basic
Higher costs and/or fewer features.
Household Capital is a lender that specialises in retirement finance for older people. Check out the full table of Household Capital products below or read more about the lender.
Compare Household Capital loans for December 2024
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We currently don't have a partnership for that product, but we have other similar offers to choose from (how we picked these
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What is Finder Score?
The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.
Household Capital does not offer ordinary mortgages or financial products for homebuyers. It serves the seniors' finance market with reverse mortgage products.
The company works with retirees to improve their retirement lifestyle by supplementing retirement income and providing access to capital.
Its office is located in East Melbourne, Victoria.
Here are the key features and details you need to know about Household Capital's mortgage products.
Feature
Details
Borrowing amount
The amount of home equity you can borrow depends on your age and the value of your home. Generally, the older you are the more you can borrow.
Borrower age
You need to be at least 60 to get a reverse mortgage with Household Capital.
Repayment options
You can repay a Household Capital reverse mortgage when you or your estate sell your property. You also have the opportunity to repay the loan in instalments earlier than this.
How do I apply for a Household Capital mortgage?
If you'd like to get a reverse mortgage from Household Capital, please hit the green button above and leave your details. A specialist from the company will get in touch and discuss your options with you.
Eligibility
When applying for a reverse mortgage, you will need to own your own home and be at least 60 years of age.
Documents required
When you apply for a reverse mortgage with Household Capital, you are required to provide certain information so make sure you have all your documents ready before you apply. You will be expected to provide the following documents:
Identification documents. You will need identification such as a driver's licence, a passport or a birth certificate.
Property information. You will need information about the property you own. Household Capital may need to conduct a valuation on your property.
Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).
More lenders to compare
Check out Finder's main home loans guide if you want to compare more home loans from a range of lenders. Or you could try one of the following lenders:
ING. This online bank is part of the global, Dutch-based financial group of the same name.
Commonwealth Bank. The nation's largest bank has a large selection of home loans and a convenient banking app.
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), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio
Richard's expertise
Richard has written 562 Finder guides across topics including:
Home loan cashback deals can help you refinance to a cheaper interest rate and get a lump sum cash payment. Compare the latest deals and check your eligibility today.
With a strong employment history and enough money in the bank, a temporary resident will be given almost the same opportunities as a citizen when it comes to home loans.
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