What is a No Negative Equity Guarantee?

"No Negative Equity Guarantee" means that provided all terms and conditions of the loan have been met that you, your estate or beneficiaries will never owe more than the value of your home. This is arguably the single most important feature you should look for in a Reverse Mortgage.

Not all "No Negative Equity Guarantees" are the same as terms and conditions will vary from Lender to Lender and as such you will need to consider each lenders definitions before proceeding.

A trained, Professional “Reverselink” Consultant help you understand the fine print making you aware of the different lenders terms and conditions helping you choose the most appropriate loan for you.

An "Unconditional No Negative Equity Guarantee".  This guarantee is written into your contract –  which means you will never owe more than the value of your property and you can stay in your home for as long as you choose.

The amount owing at the time the Reverse Mortgage is repaid will include the funds initially released to you plus the interest and fees that accrue during the life of the loan.  if the value of your property does not cover the loan balance repayable, an ‘Unconditional No Negative Equity Guarantee’ means that the Lender will not ask you or your estate to make up the difference. If the property is sold, all money available after the repayment of the loan goes to you or your estate.
 
“Reverselink” have trained and Professional Consultants to help guide you through selecting the right Reverse Mortgage for you.