[VIDEO] Reverse Mortgage for Debt Consolidation
Hi, I’m Jessica Douglas. I’m the Loan Administration Manager here at Heartland Seniors Finance.
There’s a broad range of reasons to take out a Reverse Mortgage.
One of the main ones we do find is taking out a Reverse Mortgage to repay debt.
A lot of people now have reached retirement with existing mortgages, credit cards, personal loans, without being able to make the monthly payments
So what does Reverse Mortgages can do for you is to give you peace of mind, take away that financial burden from retirement and really go out there and enjoy your retirement.
The application process is surprisingly simple*.
- Step 1, send through your application.
- Step 2, complete a valuation.
- Step 3, go see a solicitor to sign off your loan documents.
- Step 4, we settle your loan.
*Individuals should consider their own objectives, financial situation and needs and seek appropriate advice. Applications are subject to our normal loan approval criteria. Terms and conditions apply. Credit provided by ASF Custodians Pty Ltd (ACN 106 822 780 / Australian Credit Licence No. 386781).
Information provided is accurate as at 17 February 2017 and may change from time to time