Here are some of the HIR Program benefits?
- HIR Program uses growth in a fixed value of home equity as its investment measure rather than interest rates
- HIR Program releases interest free capital from a home on fair and equitable terms
- HIR Program aims to preserve the released capital amount over the term
- HIR Program fixes the percentage of home equity to growth assigned to the Lender at the start and it remains fixed throughout the term
- Trusted Partners are contracted to provide advice, support and to establish optimum settings for a HIR Program relative to each Applicants individual circumstances
- HIR Program application approval process focuses on the quality and location of a home and less on homeowner financials
- Acceptable real estate in a HIR Program application includes freestanding and semi-detached homes and units within 25km of the CBD of each capital city
- High rise apartments are not considered as suitable security in a HIR Program application
- For homeowners > 65 years, a HIR Program is designed to provide an additional income supplement for purpose
- HIR Program is an open-ended facility that only needs to be repaid when a redemption event is triggered or when the capital is exhausted