MELBOURNE MORTGAGE FINANCE LENDING UPDATE – October 2025
- Barry Le Brocq
- Oct 24
- 2 min read
Melbourne Mortgage Finance specialises in establishing Reverse Mortgage loans. We assist any customers over the age of 60 who need finance. Big Banks will not help seniors, but there are good lenders who will.
Referral fees are available for loans that settle and are paid the following month after settlement.
Most Common Reasons for Reverse Mortgage Applications
average age of borrowers is around 73 and superannuation funds have usually been depleted
refinancing of mortgage debt and elimination of high monthly repayments
refinancing of other debts (credit cards / personal loans)
arranging a monthly income stream over a 5 year period
establishing a Cash Reserve fund to finance future needs and goals
funding immediate repairs and renovations to current residence
customers do not want to be forced into selling their property and having to relocate
Recent Examples of Reverse Mortgage Applications
Age 84 / Credit Limit $500,000 : $220,000 to pay out CBA mortgage / establish $4,000 monthly income stream for 5 years / $40,000 cash reserve fund
Age 85 / Credit Limit $250,000 : $50,000 to payout Bankwest mortgage / $200,000 for entry into Aged Care facility
Age 71 / Credit Limit $578,000 : $478,000 to pay out Macquarie mortgage and card debt / $100,000 cash reserve fund
Age 80 / Credit Limit $350,000 : $240,000 to pay out Macquarie mortgage and card debts / $110,000 cash reserve fund
Age 71 / Credit Limit $330,000 : $300,000 to pay out CBA mortgage and card debt / $30,000 cash reserve
Loan Payment Options
Nil monthly payments (most popular option) / variable rate 8.35%
Half “interest only” monthly payments / variable rate 7.85%
Full “interest only” monthly payments / variable rate 7.35%
Customer Safeguards
Product Guide and other information is emailed to customer at time of initial enquiry
Customers are encouraged to have family members, solicitor or financial planner attend interview
Lender will call customer after receiving application to discuss loan and check customer understanding
Customers must receive solicitor explanation of loan contract prior to signing.
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 October 2025)
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