All discussions
Reverse Mortgages
September 21, 2026

If I have been approved for a $300,000 Reverse Mortgage, do I pay Interest on the $300k limit, or on the amount I actually use?

Tim Lesina
UNO Broker
0
6ab0da012664b24bb5688854
Your post has been submitted
Oops! Something went wrong while submitting the form.
Add a comment
Reply
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
No comments yet
UNO combines epic service with technology to streamline the entire process of getting and having a home loan.
‍
Social Links
YouTube logo with a red play button inside a rounded rectangle.
Industry Membership
Mortgage and Finance Association of Australia member badge with 'mfaa' in a speech bubble and the word MEMBER below.
Company
About us
All Mortgage Brokers - Australia's Online Mortgage Broker
Media
Terms & Conditions
Privacy policy
Credit Guide
Open Banking Policy
Get started with UNO
Contact us
Online application to refinance
Online application for purchase
Check your loan with loanScoreTM
Resources
First Home Buyer Guide
Refinancing guide
Home Buyers Guide
How Much Can I Borrow
Property investment guide
Lenders
Property Research
Glossary
Videos
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