Reverse mortgages are providing flexible income options for seniors

Reverse mortgages are providing flexible income options for seniors

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A reverse mortgage could allow you to access the equity in your home to fund a more comfortable retirement, while continuing to own and live in your home.

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This is advertiser content for Heartland Seniors Finance.

Australians are living longer than ever before. Unfortunately, not everyone has enough savings to fund this longer retirement and, as a result, over half of senior Australians rely on a government pension or allowance as their main source of retirement income.*

While this income provides great assistance, we know it only just covers basic needs. When unexpected expenses arise, that's not always enough, with 1 in 10 Australians aged 65 and over having problematic credit card debt.^

But downsizing, or relying on debt with repayments that eat into your cash flow, are not the only options available.​

A reverse mortgage could allow you to access the equity in your home to fund a more comfortable retirement, while continuing to own and live in your home, and enjoy the independence and connection it provides to family, friends and community.

A reverse mortgage is like a regular home loan that has been designed to meet the needs of seniors. 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, usually from its sale.

The Heartland Reverse Mortgage is also more flexible than ever, so that you can access what you need, as and when you need it. Watch this video to find out about the different ways you may be able to access your home equity.

Many people aren't aware that reverse mortgages are arguably one of the most heavily regulated consumer finance products in Australia, with significant safeguards in place. Heartland also provides protections beyond what is regulated, to provide maximum peace of mind.

Heartland Seniors Finance is Australia's leading reverse mortgage provider, having assisted over 17,000 people aged 60 and over release equity from their home and live a more comfortable retirement. To find out more about the flexibility and protections available, please request a free copy of Heartland's Reverse Mortgage eGuide or give our friendly team a call on 1300 889 338. We are here to help you.

*Australian Bureau of Statistics, ASIC Money Smart Website.

^Australian Superannuation Funds of Australia, ASIC Report 580 (page 28)

  • 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).

This is advertiser content for Heartland Seniors Finance.

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