Funding aged care without having to sell the family home
Heartland recently spoke to Aged Care Guide about using a reverse mortgage to pay for aged care fees without having to sell the family home.
When a family member enters aged care, it is often something that isn’t planned, and you may struggle to get together the necessarily funds to pay for the fees such as the Refundable Accommodation Deposit (RAD), or the Daily Accommodation Payment (DAP).
You may think that selling the family home is the option to pay for these fees but there are alternatives such as a reverse mortgage. In this article, Heartland discusses our Aged Care Option, that can be utilised by families to reduce financial stress at an already difficult time.
Read the full article here.
If you would like to find out more about reverse mortgages, request your free Reverse Mortgage Guide.
If you require any assistance, feel free to get in touch, we are here to help you.
Other helpful aged care resources
- My Aged Care (Australian Government’s aged care information site)
- Aged care made easy (a helpful flier of Aged Care terms)
- Heartland’s Aged care product guide
- Planning for your future needs in retirement
Information is accurate as of 2 March 2021 and may change from time to time.