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Heartland Reverse Mortgage Interest Rate Decrease

26 November 2020

Heartland Bank News

Heartland Seniors Finance is pleased to announce that effective Friday 1 January 2021, our Standard Reverse Mortgage Variable Rate will decrease 20 basis points to 5.60% p.a. (comparison 5.62% p.a.*).

At Heartland we are proud to have helped over 21,000 Australians release equity from their homes, helping them to live a more comfortable retirement with our reverse mortgage. We have found that even a modest amount borrowed can be transformational in our customers’ lives, bringing peace of mind, and allowing them to live in their own home for as long as they choose.

Heartland are committed to supporting our customers with our market leading product and excellent service. If you have any questions, would like to start your application, or arrange a meeting (via video conference) with one of our team or with a specialist accredited broker, please contact us on 1300 889 338 or [email protected]. We are here to help you.

 

Information is accurate as of 26 November 2020 and may change from time to time. 

*The comparison rate is based on a loan of $150,000 secured for a term of 25 years. Interest is calculated daily and debited monthly. 

Please note the comparison rate only applies to the examples given. Different loan amounts and terms will result in different comparison rates. Costs such as redraw fees and costs savings, such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.