Blog

Heartland Bank has given me choice – I’m now living a happier and healthier life
04 November 2024

Queensland’s Hervey Bay retired homeowner Sharon, wants to stay in the home she loves. It is a “pretty magical area to live in” and somewhere she enjoys having her children and grandchildren come and stay. She’d always looked forward to her retirement years and the freedom to live the lifestyle she loves, joining clubs and … Continue reading “Heartland Bank has given me choice – I’m now living a happier and healthier life”

Understanding the Home Equity Access Scheme
10 May 2024

The Australian government currently offers a form of equity release called the Home Equity Access Scheme (HEAS), previously known as the Pension Loans Scheme (PLS).

The retirement income dilemma: Is the aged pension enough?
11 April 2024

Although the indexed increases are welcome, the reality remains that it’s still not enough to afford a comfortable retirement.

Investment scams: What are they and what can I do?
09 February 2024

Investment scams can be hard to spot. Scammers may use convincing marketing and new technology to make an investment sound like it is too good to miss by promising big payouts with little or no risk.

CASE STUDY: How to use a reverse mortgage for debt consolidation
18 January 2024

No one wants to spend their retirement years worrying about debt and keeping up with repayments, but it is a sad fact that many do.

Advantage Newsletter January 2024
01 January 2024

The January 2024 edition of our Advantage Newsletter is now live! In this edition of Advantage, we discuss our continued excellence at the Australian Mortgage Awards, a step-by-step guide on how to use some of the features in our mobile app, and how you could use a reverse mortgage for gifting purposes. Puneet from our … Continue reading “Advantage Newsletter January 2024”

CASE STUDY: How to use a reverse mortgage for residential aged care needs
15 November 2023

Let’s look at an example from one of our customers Sue*, who used a Heartland Reverse Mortgage to help cover her aged care costs.   

CASE STUDY: How to use a reverse mortgage for travel and holiday
01 November 2023

Did you know that almost 25% of Heartland new customers used some of their reverse mortgage for travel and holidays? Whether you’ve been dreaming of a bucket list escape, an Australian caravanning adventure or taking a trip to see the grandkids, finding the spare cash for a holiday can be difficult. This can be particularly … Continue reading “CASE STUDY: How to use a reverse mortgage for travel and holiday”

Tap into the wealth in your home with a Heartland Reverse Mortgage
09 October 2023

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

Reverse mortgages: a viable solution to refinance debt in your golden years
05 September 2023

According to The Australian, carrying debt into retirement is due to bigger mortgages, lifestyle demand and surging inflation and interest rates.  

Empowering the next generation: Using a reverse mortgage for gifting
22 August 2023

Recent property hikes combined with interest rate rises mean that without the help of their parents, plenty of young Australians will be priced out of the market according to money expert at Finder Sarah Megginson.

CASE STUDY: How to use a reverse mortgage for ageing in place
11 August 2023

Let’s look at an example from one our customers Charles*, who used a Heartland Reverse Mortgage to help cover his home care costs.   

Advantage Newsletter July 2023
20 July 2023

In this edition of Advantage, we discuss the launch of our new mobile app including all the exciting features it comes with (viewing recent transaction history, applying for your cash reserve or redraw facility, and more!), Heartland’s participation in the Memory, Walk and Jog for the fifth year in a row, and Rachel our Marketing Executive, shares her go-to hearty minestrone soup recipe to get you through these colder months.

Heartland speaks to The Senior about using a reverse mortgage for home improvements
18 July 2023

More than 50 percent of Heartland customers take out a reverse mortgage for home improvements.

The cost of moving out: the physical, mental and financial impact on retirees
20 June 2023

As many retirees weigh up the “cost” of downsizing to free up some extra cash, a significant cost to consider, aside from financial, is the emotional and physical impact moving out can have on older people’s wellbeing. Research, conducted by National Seniors Australia, showed that 64% are concerned for their long-term future about their ability … Continue reading “The cost of moving out: the physical, mental and financial impact on retirees”

What are reverse mortgages being used for?
15 June 2023

Retirees shouldn’t feel like they have to give up their home to combat cost of living pressures. Research from RMIT University shows that financial products that facilitate access to home equity, such as reverse mortgages and home reversion arrangements, represent a viable solution to fill the retirement savings gap, as more Australians are entering retirement … Continue reading “What are reverse mortgages being used for?”

CASE STUDY: How does Heartland’s equity protection option work?
06 June 2023

Heartland’s Equity Protection Option allows you to choose to protect a percentage of the eventual net sale proceeds of your home (up to 50%). 

Mortgage Stress Reaches 10-Year High: Could Reverse Mortgages Help Older Australians?
01 June 2023

New research from Roy Morgan reveals that in the three months leading up to March 2023, an estimated 1.35 million mortgage holders (27.1%) were deemed ‘At Risk’ of experiencing ‘mortgage stress’ – the highest level in over a decade. As financial conditions worsen, a Mortgage Business article predicts that the current economic environment may prompt … Continue reading “Mortgage Stress Reaches 10-Year High: Could Reverse Mortgages Help Older Australians?”

CASE STUDY: How to use a reverse mortgage to help with the cost of living
26 April 2023

Let’s look at an example from one of our customers, David and Margaret*, who used part of their Heartland Reverse Mortgage to help cover day-to-day expenses. 

Types of loans for pensioners
24 April 2023

Here’s a summary of how these loans and other equity release options differ from one another.

The Senior speaks to Heartland about how a reverse mortgage could help fund dream retirement goals
17 April 2023

Retirement goals are different for everyone. It could be traveling the world, finally getting those home renovations done, purchasing a dream car, or even just feeling financially secure covering ongoing everyday bills and living expenses. 

CASE STUDY: How to use a reverse mortgage to help fund home improvements
24 March 2023

Let’s look at an example from one of our customers, Fred*, who used part of his Heartland Reverse Mortgage for home improvements.

The Senior speaks to Heartland about using a reverse mortgage to help ease cost of living pressures
21 February 2023

Heartland recently spoke to The Senior about using a reverse mortgage to help ease cost of living pressures for older Australians. 

Using a Reverse Mortgage for Home Care
02 February 2021

Heartland is pleased to announce our reverse mortgage can provide support for Home Care

Planning for your future needs in retirement
12 November 2020

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.

Get in touch

If you'd like to find out more about a Heartland Bank Reverse Mortgage, request a guide or call us on 1300 889 338.

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