Use your home to pay for care, and keep living in it.
We help older Australians and their families use the wealth in their home to pay for care and live well, with no repayments while they live in it.
No repayments while you live thereWhichever option you choose, the loan is only repaid when the home is eventually sold
Stay in your home as long as you likeYou keep ownership, and the title stays in your name, just as it does today
Start with a friendly callIt's free, and family are welcome too. You decide what happens next, in your own time
Calculator
How much could you access?
Answer three short questions about the home and who owns it. You will see what the Pension Top-Up and the Care Advance Loan could provide, side by side. No personal details needed.
Step 1 of 3
Who owns the home?
Both options look at who owns the home and how old the owners are. If you own it with a partner, we use the age of the younger of you.
The Scheme starts at 67. The Care Advance Loan usually starts at 60.
Roughly what is the home worth?
The value of the home sets how much you could receive. A rough figure is fine, and a recent rates notice or nearby sales will give you a good idea.
Is there a mortgage still owing on the home?
Any home loan still owing is paid off first, so it lowers what you could receive. If the home is fully paid off, choose the first option.
A rough figure is fine. Your latest home loan statement shows it.
Count
- A home loan on this home
- A line of credit secured on it
Leave out
- Credit cards and car loans
- Personal loans not secured on it
Your estimate
Your answers
An estimate only, not an offer. Services Australia decides the Scheme amount, and a full assessment decides a Care Advance Loan. How it's estimated
Talk it through
What we offer
Two ways to use your home
Most families come to us with one question: how do we pay for care without selling the home? There are two answers. One is a Government scheme we help you apply for. The other is a loan from us.
Scheme figures from Services Australia. Loan terms are set out in writing before you decide.
How it works
You talk to us. We handle the rest. Four steps from the first call to the money arriving.
Talk to us
A free first call
Tell us about the home, who is involved and what the money is for.
We work out what you're eligible for
Scheme, loan, or both
We set out what each option could provide for your figures, including the effect on your pension.
Apply
With our team beside you
Our team walks you through the application from start to finish.
Receive your funds
We keep you informed
You hear from us at every stage, until the money is in your account.
What the money can be used for
Care is the most common reason people come to us. It is not the only one.
Care
Support at home, aged care fees or a room deposit, medical and dental costs.
Your home
Modifications, repairs and improvements that let you stay comfortably.
Lifestyle
A regular top-up so everyday costs are covered without worry.
Family
Support for family when they need it.
Situations we help with
Four typical cases we see, and which option fitted each one. Every family is different, so we look at yours on the first call.
Care at home
Waiting for a home care package
A couple in their late 70s has been approved for Support at Home but is still on the waiting list. Fortnightly payments from the Home Equity Access Scheme pay for a carer until the package starts.
Residential care
One partner moving into care
One partner is moving into an aged care home that asks for a room deposit, and the other is staying in the family home. A reverse mortgage pays the deposit, so the house does not have to be sold.
Families
A daughter helping her father
A daughter holds power of attorney for her father and makes the enquiry for him. We work with both of them on the application and the extra documents an attorney needs.
Lifestyle
More freedom in retirement
A woman in her early 70s owns her home outright and would like a little more breathing room each month. A Care Advance Loan gives her a regular top-up to her income, and she keeps living in the home she loves.
Why families choose Care Advance
Whichever option you choose, these hold true.
Stay in your home
Keep living in the home you love, for as long as you choose.
Keep full ownership
The title stays in your name, and any rise in the home's value is yours.
Freedom of choice
Your home, your plans. We help you choose the option that fits, and plan your next chapter on your own terms.
No regular repayments
Nothing to repay while you live in your home. The loan is settled later, usually when the home is sold.
End-to-end support
Planning for your next chapter can be daunting. We're here to support you through the entire process, from beginning to end.
Talk to a person
Call 1300 144 627 and speak to our Australian-based team.
Common questions
Answers to what families ask us most. If your question is not here, call us or send an enquiry, and a member of our team will get back to you.
Do I have to sell or leave my home?
No. Both options let you keep living in your home for as long as you choose. The Home Equity Access Scheme and a reverse mortgage are both repaid later, usually when the home is sold. If a partner is still living there, they can normally stay.
What is the difference between the two options?
The Pension Top-Up is the Government's Home Equity Access Scheme: a fortnightly top-up to your pension at a low, Government-set interest rate, open from Age Pension age, with limits on how much you can receive. The Care Advance Loan is a reverse mortgage from us: larger amounts, paid the way you choose, usually from age 60. Neither has repayments while you live in your home. We compare both for your situation on the first call.
What does it cost to talk to you?
Nothing. The first conversation is free, and you are under no obligation to go further. If you decide to go ahead, we set out any costs in writing before any work starts.
Enquire
Talk it through with us.
Answer a few questions and we will call you back within 2 business days. Nothing is binding, and the first conversation is free.
Prefer the phone?1300 144 627
Or emailhello@careadvance.com.au
What are you enquiring about?
Pick the closest fit. You can change it on the call.
Pension Top-UpThe Government scheme
Care Advance LoanA reverse mortgage from us
I'm not sureTalk it through with us
Enquiring for a parent? Pick the closest fit. The next screen asks who is enquiring.
Prefer to talk? Call 1300 144 627 or email hello@careadvance.com.au