MELBOURNE MORTGAGE FINANCE LENDING UPDATE – December 2025
- Barry Le Brocq
- Dec 17, 2025
- 2 min read
I specialise in arranging Reverse Mortgage loans for over 60's customers. These loans may be used for nearly any consumer purpose, provided the loan directly benefits the applicant(s). If you do not handle Reverse Mortgage applications, a referral fee is available for any loan that is referred to MMF and proceeds to settlement.
Typical Customer Profile
average age of borrowers is around 73 and many are receiving Centrelink age pensions
most customers are retired and superannuation funds are usually depleted
average total Credit Limit is around $350,000 / average initial drawdown is around $200,000
a common loan purpose is to clear existing debts which have high monthly repayments
most loans also involve setting up a Cash Reserve fund which can fund future needs as they occur
nearly all applicants want to stay in the family home rather than be forced to sell and down-grade
Types of Reverse Mortgages
normal: for customers with normal financial goals: debt clearance, travel, repairs, Cash Reserve fund
age care: Power of Attorney usually acts for borrower to arrange funds for access to aged care
Loan Structure Options
cash advance: immediate payment to clear debts, house repairs, travel, car purchase
income stream: monthly payment to increase monthly income
cash reserve fund: to fund future needs and purchases / draw funds when required
any combination of these options is available
Protections: Centrelink Advice / Legal Advice / Family Participation / Lender Call
customers are encouraged to obtain Centrelink advice regarding any effect on existing pensions
customers are required to obtain independent legal advice before signing a loan contract
customers are free to have family members participate in the loan application process
the lender always makes a compliance call to customers to ensure correct product awareness
Benefits of Reverse Mortgage Loans
customers can stay in their local community and not be forced to sell and downgrade
customers avoid the substantial costs of selling, buying and relocating
peace of mind knowing that high loan repayments on existing debt can be eliminated
peace of mind knowing that Cah Reserve funds are available to cover future needs
customers can consider earlier retirement if existing loan repayments are eliminated
Recent Reverse Mortgage Scenarios
age 80 / immediate advance $215,000 to clear mortgage / $45,000 in Cash Reserve
age 67 / immediate advance $150,000 to clear card debts / $200,000 in Cash Reserve
age 90 / immediate advance $50,000 to clear mortgage / $200,000 for aged care entry
age 74 / immediate advance $475,000 to clear mortgage & cards / $70,000 in Cash Reserve
average initial drawdown $222,000 / average total Credit Limit $351,000
Call on 0437417042 or email barry@mmfinance.com.au to discuss individual scenarios.
Referral fee (15% of normal up-front commission) is available
Barry Le Brocq (B. Ec. / Dip. Fin. Services)
Melbourne Mortgage Finance (Reverse Mortgage Loan Specialist)
Mobile 0437417042
(Information is correct as at December 2025)
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