Heartland recently spoke to The Senior about how older Australian homeowners can tap into the wealth in their home using a Heartland Reverse Mortgage.

At a time when the cost of living continues to rise, being able to live comfortably is getting more and more difficult for retirees, especially for those who are relying on the aged pension as their sole source of income.

Responses in our last customer survey included that 91% said the cost of living was putting a strain on their budget, and 87% don’t think the aged pension provides enough to live the retirement they desire.

With 38% of Heartland customers using a reverse mortgage to supplement their income, a reverse mortgage could be a great option for retirees to combat cost of living pressures and access the wealth their home without having to sell. Our reverse mortgage also doesn’t need to just be drawn in one lump sum, you can also access ongoing regular advances – monthly, quarterly or annual loan advances for up to ten years.

Read the full article here.

Want to know more? If you would like to find out more about reverse mortgages, request your free Reverse Mortgage Guide.

Ready to apply? You can now Apply Online, or request an Application Pack that provides everything you need to apply.

If you require any assistance, feel free to get in touch, we are here to help you.

Information is accurate as of 9 October 2023 and may change from time to time.