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HomeSafe
Information by Research TrustFinance
Established in 2005, Homesafe Solutions is a joint venture between Bendigo and Adelaide Bank and the Szabo family. The company's mission is to provide a practical and debt-free financial solution for senior Australian homeowners to improve their retirement funding. Its core product, "HomeSafe Debt Free Equity Release," allows homeowners to receive an immediate cash sum in exchange for selling a share of the future sale proceeds of their property. This model is distinct from a reverse mortgage as it involves no loans, interest, or repayments, enabling seniors to access their home equity while continuing to live in their home.
United States
Industry
Financial