At Liberty Financial we understand that making the decision to move into an aged care home can be difficult and the move itself extremely stressful.
There’s so much to consider, including choosing a care home that’s suited to you and your needs, and that’s close to your family. Often the decision has to be made suddenly, which can increase the stress on everyone involved.
Paying the accommodation bond
Among the many practical aspects that need to be considered is how to pay for the accommodation bond, a large upfront cost that can have a big impact on you and your family. Liberty can help you avoid the added stress of finding the money to finance the bond with our Care loan. With Care, you or your family can finance the accommodation bond for an aged care home using the equity in your property, with no need to sell your home so you can move in to get the care you need.
What are the benefits of a Care loan?
You keep your home: Pay the aged care home bond without the need to sell your property before you move in.
No scheduled repayments: You don’t need to make scheduled repayments during the loan term.
Rent out your home: Family members or tenants can live in your home throughout the loan term.
Tax benefits: Any rental income may be tax free if used to cover aged care accommodation costs.
No effect on pension: Taking out a Care loan has no effect on your pension or CentreLink payments.
Not a reverse mortgage: Unlike with a reverse mortgage, you know what you are borrowing.
We think this might be just what you need
Liberty Care
Lets you finance an accommodation bond for an aged care home.
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