Finder identifies the top 4 things you need to know about reverse mortgages
As one of the most heavily regulated consumer finance products on the market, reverse mortgages can sometimes be tricky to understand.
Retirement Income Review Supports Equity Release
The report reviews the current retirement income system to both improve the understanding of, and identify areas to improve outcomes for, senior Australians in retirement.
Heartland Reverse Mortgage Interest Rate Decrease
Our Standard Reverse Mortgage Variable Rate will decrease 20 basis points to 5.60% p.a. (comparison 5.62% p.a.*).
Reverse mortgages a solution to financing retirement
Research by the Royal Melbourne Institute of Technology (RMIT) released on 20 November 2020 reports that most Australians want to remain in their home as long as possible, but don’t have the funds to do so.
Australian Budget 2020 – Granny Flats and Capital Gains Tax
The Budget announcement last month revealed the Australian Government are preparing to pass a legislation, as early as 1 July 2021, to provide a targeted Capital Gains Tax (CGT) exemption for all formal granny flat arrangements where there is a formal written agreement between family members.
Planning for your future needs in retirement
Through our application process, Heartland places huge importance on considering future needs. This includes not only aged care costs, but ongoing living expenses, medical expenses, and any plans to leave any of the estate to a beneficiary.
Enjoy increased flexibility with our reverse mortgage redraw
Introduced from 1 April 2017, Heartland’s redraw allows customers to draw on the funds that they have already paid into their loan.
Australian Seniors News discusses funding a more comfortable retirement with a reverse mortgage
Australian Seniors News latest article on reverse mortgages discusses why some alternatives may not be suited for retirees, and how they can use a reverse mortgage to better suit their needs in retirement.
Our advantage newsletter
As the leading non-bank lender in the Australian reverse mortgage market, we like to bring you relevant reverse mortgage news and expert insights concerning the home equity release industry in our biannual newsletter Advantage.
We hope that through our Advantage Newsletter we can help to keep you informed when making important decisions about releasing your home equity. This is our simple way of recognising the level of trust you have placed in us to assist you.
The reverse mortgage news we publish here will especially focus on unlocking home equity, aged care financing, and other issues concerning Australians.
Have more questions?
If you would like to discuss the protections Heartland has in place, or how a reverse mortgage could be beneficial to you, please don’t hesitate to contact our friendly team on 1300 889 338 or [email protected], or request an application pack. We are here to help you.