The lender will eventually get repaid (loan amount + interest + fees) when 1 of 3 events occur. Firstly, if you ever sell your home, the lender will get paid directly from the sale proceeds. Secondly, if you ever move into full-time healthcare / nursing home / hospice care, etc, the lender will ask you to pay out the loan within about 12 months. Thirdly, if you die the lender will ask your estate (through your executor) to repay the loan balance (again, within a reasonable time-frame).
UNO combines epic service with technology to streamline the entire process of getting and having a home loan.
Planwise AU Pty Ltd trading as UNO Home Loans ABN 81609882804 Australian Credit Licence Number 483595. UNO values your privacy and last updated our Privacy Policy on 29 January 2020. L17, 123 Pitt Street, Sydney NSW 2000
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