A Reverse Mortgage for income and cash-flow

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Using a Reverse Mortgage for income and cash-flow

More than 2 million Australians aged 60 and over currently depend on some form of government pension. If your working years occurred during the 50’s, 60’s, or 70’s then it’s less likely you have accumulated enough superannuation for a comfortable retirement as superannuation was only made compulsory in 1993.

As a senior on limited income, you may be finding it difficult to make ends meet. You are not alone. Aside from the rising cost of living in Australia, most seniors also need to pay medical and prescription bills. On top of this, worrying about where to find the money for everyday expenses can be an added burden during retirement.

Unfortunately, many turn to high interest-rate credit cards to fund unexpected living costs  but it doesn’t need to be this way.

Fund living expenses with a Heartland Reverse Mortgage ‘Regular Advance’ option

According to the industry body SEQUAL one of the most popular uses for a Reverse Mortgage is for extra ‘income’ to pay for living expenses1. If you have home equity, you can access a portion of this wealth to help sustain the lifestyle you want.

Heartland Seniors Finance has the solution. Heartland is one of the few Reverse Mortgage lenders to offer a ‘Regular Advance’ option.

Unlike many other Reverse Mortgage providers, with Heartland you can elect to draw funds on a monthly, quarterly or annual basis to provide additional cash-flow. You will only be charged interest as you receive the money, so the savings over time can be substantial.

1 SEQUAL Reverse Mortgage Survey

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Eager to learn more?

If you want to explore how a Reverse Mortgage can be used to fund income and cash-flow, complete the above form and instantly receive your copy via email.

You can also call Heartland Seniors Finance on 1300 889 338 for a chat.

Benefits of obtaining a Reverse Mortgage ‘Regular Advance’ from Heartland:

No need to move

You retain ownership of your home, so you can continue living in comfort.

Minimal income requirements to qualify

Government aged pension or superannuation is often adequate

Flexible cash flow

Tell us how much you will need each month, and you may be able to set up a cash reserve that you can use for unexpected expenses.

No regular repayments required

However, you can make voluntary payments at any time. The debt is ultimately repaid from the future sale of your property, once you decide to sell or after you have passed away.

For the seventh consecutive year, we are proud to be awarded Money Magazine’s Best Reverse Mortgage product.

100% of our customers are more than satisfied with our product and service, while 95% of our customers have either already, or are likely to, refer a friend to Heartland Seniors Finance
Heartland Customer Survey, July 2015.

About Heartland Seniors Finance

Established in 2004, Heartland Seniors Finance (previously known as Australian Seniors Finance) has helped thousands of people over 60 release home equity to fund a better lifestyle in retirement.

As a non-bank lender, Heartland Seniors Finance understands the needs of older borrowers and is proud to offer an important funding alternative for Australian pensioners and self-funded retirees. With flexible credit policies and a suite of innovative loan products, Heartland Seniors Finance a Reverse Mortgage lender of choice for many Australian seniors.