Pay off debt.

Consolidate debt with a reverse mortgage.

Use a Heartland Seniors Finance Reverse Mortgage to pay off your loans or credit cards.

No one wants to spend their retirement years worrying about debt and keeping up with repayments, but it is a sad fact that many do.

Residential property is the major component of wealth for many entering retirement. However, the boom in house prices has also led to an increase people carrying mortgages and debt into their retirement.

Consolidating and paying off debt is a popular option for many of our customers who take out a Heartland Reverse Mortgage as they’re able to pay off outstanding debt in one lump sum without crippling interest.

More than 50% of our Heartland Seniors Finance customers use a reverse mortgage to repay debt as it frees up cash flow, removes stress and provides peace of mind.

With an interest rate that is often lower than credit cards or personal loans, a Heartland Seniors Finance Reverse Mortgage could allow you to access the equity in your home to pay off outstanding debt in retirement via a lump sum advance. What’s more, as well as debt repayment, additional funds could be accessed for any worthwhile purpose, including home improvements, travel, a new car, medical costs, or living expenses. As well as an initial advance, funds can also be drawn as a regular advance, or cash reserve (like a line of credit), adding further benefit.

Heartland Seniors Finance has the solution you need.

With an interest rate that is often lower than credit cards or personal loans, a Heartland Reverse Mortgage could allow you to access the equity in your home to pay off outstanding debt in retirement via a lump sum advance.

What’s more, as well as debt repayment, additional funds could be accessed for any worthwhile purpose, including home improvements, travel, a new car, medical costs or living expenses.

Other than an initial advance, funds can also be drawn as a regular advance, or cash reserve (like a line of credit), adding further benefit.

If you currently have a reverse mortgage with another provider, Heartland Seniors Finance may also be able to refinance this for you to provide additional funds and flexibility in your retirement.

A benefit for you is that regular repayments are not required on a reverse mortgage. The interest is calculated on the balance outstanding and added monthly to your loan.

Voluntary repayments can be made at any time which reduces the balance and interest charged. At the end of the term of your loan, when you move permanently from your home, the total interest charged, together with the amounts drawn, will be payable.

Request your free reverse mortgage e-guide.

Find out how Australians are enjoying a more comfortable retirement.

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Here’s what some of our customers have to say.

“It provided us with great relief when we found ourselves with no super left and needed to tidy up our finances.”

“It’s helped us to obtain a more enjoyable lifestyle.”

“Thank you for your continued help and support. Always just a phone call away.”

Benefits of using a reverse mortgage to pay off debt.

Flexible cash flow.

Take your loan as a lump sum, cash reserve facility, regular advance or a combination.

No need to move.

Remain the owner of your home and benefit from any increases in home value.

Peace of mind.

Have peace of mind knowing you have access to equity in your home without having to sell.

Take the stress out of everyday bills.

No more worrying about the winter power bill or holding off on grocery shopping until next pension payment.

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


Why choose Heartland Seniors Finance?

Since 2004, Heartland Seniors Finance has helped over 15,000 senior Australians release the equity in their home to fund a better lifestyle in retirement with our reverse mortgage.

Being a specialist non-bank lender, Heartland understands the needs of senior Australians and offers an award-winning, market leading product. With a broad criteria, flexible product, and considerable customer protection, Heartland is Australia’s leading reverse mortgage provider.

Can we help you live a better retirement?

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