[VIDEO] Reverse Mortgage Protection: Our Three Promises

Written By Sharon Yardley

10 March 2017

[TRANSCRIPT]

Reverse Mortgage Protection: Our Three Promises

Hi I’m Sharon Yardley and I’m operations and compliance manager at Heartland Seniors Finance.

Recognizing the trust that you’ve placed on us taking out a Heartland reverse mortgage, we have three promises that we give to every customer*.

The first one is the no negative equity guarantee. You don’t have to pay more than the net sale proceeds of your property when it’s due for repayment

The second one is the lifetime occupancy promise. You can remain in your home for as long as you choose. You can remain in your home for as long as you choose no matter what.

The last one is the loan repayment guarantee. You don’t have to make repayments unless you want to. You don’t have to make repayments unless you want to and you choose to, so you have the flexibility of being able to change the way to make repayments or not make them at all and until that final payment.

*Subject to complying with the terms and conditions of the Heartland Reverse Mortgage, you will not owe more than the net sale proceeds of your home and you can keep your home for as long as you choose.

Information provided is accurate as at 10 March 2017 and may change from time to time

 

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