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[Video] Reverse Mortgage Uses

31 May 2021

Heartland knows that everyone’s needs in retirement are different which is why our reverse mortgage can be used for almost any worthwhile purpose. Check out our new animation video that shows our top loan purposes, to find out how you could live a more comfortable retirement:

[TRANSCRIPT]

Reverse Mortgage Uses

Here are some of the most popular uses for a Heartland Reverse Mortgage.

Home improvements can make a real difference to the quality of your retirement.

You could have that new kitchen or bathroom you’ve always dreamed of, or make your home more age friendly.

This is a great use of a reverse mortgage – improving your wellbeing while adding value to your property.

Another popular use is debt consolidation. Using a reverse mortgage to repay a home loan, credit cards, or personal loans can remove the stress of having to make regular loan repayments and often also results in a lower interest rate.

This can allow you to retire with peace of mind knowing you won’t have to sell your home.

A reverse mortgage can additionally be used for car repairs or upgrading to something more reliable and cost-efficient.

What about travel? With a Heartland Reverse Mortgage, you could visit loved ones, go for a trip with the grandkids, or book that bucket-list adventure that you’ve always talked about.

A reverse mortgage can also help cover medical expenses and aged care costs, ensuring you or your loved one can access support when it is most needed.

A Heartland Reverse Mortgage can also be used as an additional source of income to help take the stress out of those everyday expenses, using our regular advance option.

With a Heartland Reverse Mortgage, you could release your home equity and use the funds to live a more comfortable retirement.

Best of all, you continue to own your home and can stay there for as long as you choose.

Join over 21,000 Aussies who are living a more comfortable retirement on their own terms through our award-winning reverse mortgage.

To find out more or apply, get in touch with Heartland on 1300 889 338 or visit our website www.heartlandreversemortgage.com.au

To find out more, download your free Reverse Mortgage Guide.

Information provided is accurate as at 31 May 2021 and may change from time to time.