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Kruse Legal
Reverse Mortgage Certificates

Reverse Mortgage Certificates

A Reverse Mortgage Certificate is the Certificate of independent legal advice that is often required by banks and other lenders for Reverse Mortgage loans or equity unlock loans.  It is sometimes called an “Acknowledgement of Independent Legal Advice” or just a Solicitor’s Certificate.

Reverse Mortgage Certificates are provided for a fixed price – call us on 08 8278 1779 for details.  Advice can be given in person at Blackwood or via Zoom video. We understand that often these certificates are required at short notice.

Lenders that we deal with include

Before you can unlock the equity in your home, the lender will often require a Certificate of independent legal advice in order to confirm that you understand the legal consequences of such a loan.  This not only provides protection for the lender but also allows you to ask any questions you may have regarding the fine print of the loan documents.  We can provide the necessary certificate and will also assist with the Reverse Mortgage Calculator at ASIC’s MoneySmart website so that you can see how much equity will be left in your home after 5, 10 and 15 years and under different sets of assumptions.

This calculator helps you work out:

  • How much your debt will increase over time and what this means for the equity in your home
  • How changes in interest rates and house prices could affect the equity in your home
ASIC Reverse Mortgage Certificate
ASIC Reverse Mortgage Certificate

Please note, sometimes the lender may require that a certificate of independent financial advice from a financial advisor, or an accountant is obtained. We can make recommendations, but we cannot give this advice.

See also Solicitor Certificates


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