Reverse mortgages can help to reduce stress

Reverse mortgages can help to reduce stress

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Enjoy a comfortable retirement with independence and choice by freeing up the equity in your home.

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Advertiser content for Heartland Seniors Finance.

Each person’s vision of a dream retirement is different. But whether you see yourself spending more time with family and friends, picking up a new language, or taking a few strokes off your game, the aim is to live a comfortable retirement, with independence and choice.

For many, staying in their home is essential to achieving this.

As the saying goes, a home is much more than a house – it provides peace of mind, proximity to friends and family, community connection and cherished memories.

However, you may have found that it has become increasingly difficult to fund a comfortable retirement without significant savings. 

You may have considered downsizing to free up some home equity, only to find the expense and loss of your home unappealing. It can seem like tightening the belt is the only way to continue living where you love – but bill stress can also reduce the quality of your retirement.

Another option, is to continue living in your home as well as free up its equity, is by using a reverse mortgage. Many seniors use a reverse mortgage to make their retirement more comfortable, as it can provide the financial freedom to pay for home improvements, debt consolidation, every day expenses, travel, or a new car. 

A reverse mortgage is like a normal home loan that has been designed to meet the needs of seniors. It could enable you to access the equity in your home without having to sell. You remain the owner of your home, enjoying the independence and connection it provides to your community, family, and friends, while enjoying the retirement you deserve.

As an additional benefit, regular loan repayments are not required, though they can be made at any time. Interest is added monthly to the loan, and only when you move permanently from your home is the total loan repayable.

When choosing a reverse mortgage, it is important to ensure that you are choosing one with the flexibility needed for your requirements and objectives, including different draw-down options, the ability to make voluntary repayments at any time, and with protections such as lifetime occupancy and a no-negative equity guarantee.

Heartland Seniors Finance is Australia’s leading Reverse Mortgage provider. Established in 2004, Heartland’s flexible, award-winning product has assisted over 15,000 people aged 60 and over release equity from their home, and live a more comfortable retirement.

For more information on reverse mortgages, and how they can help you, take a look at our Reverse mortgage – Key information page or give Heartland a call on 1300 889 338.

  • Important Notice: Every situation is different - this information has been prepared without taking into account your needs, objectives, or financial situation.  If you are considering a reverse mortgage, we encourage you to understand how it may affect your personal circumstances - talk to friends and family, speak to professionals, and use the resources and tools Heartland has available. Loans are subject to loan approval criteria. Terms, conditions, fees and charges apply. Credit provided by ASF Custodians Pty Ltd (ACN 106 822 780 / Australian Credit Licence No. 386781).

Advertiser content for Heartland Seniors Finance.

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