Freeing up funds for a brighter future

 

After living in their previous property for 54 years, Jane* and her husband Peter* decided it was time for a change. “There was nothing wrong with where we were, but we just wanted to retire somewhere different,” said Jane. However, like many other retirees, they were finding that the rising cost of living was making life more challenging. This coupled with the fact they still had a mortgage on their property, meant that they needed to investigate other options.

They found out about Heartland Reverse Mortgages from their mortgage advisor, who referred them to the consultants at Heartland.

“We wanted to move out of where we were, we had a mortgage on the property, we were both on the pension and we just felt that the Heartland Reverse Mortgage was the answer for us,” said Jane. A Heartland Reverse Mortgage would enable them to relieve financial stress by consolidating their debt, and it would also help them to cover day to day expenses.

“You have no idea how easy it made it for us. The relief of not having to pay a mortgage in this environment … When you’re on the pension, it’s actually quite scary if you don’t have a small fortune in the bank that you can fall back on,” said Jane.

Before settling on their loan, Jane and Peter discussed it with their children and they were very supportive. “Just do what you have to do” they said. “All they wanted was that we were happy, and we weren’t happy where we were,” said Jane.

Even though there was quite a bit of paperwork involved, they found the application process easy. “Since we’ve gotten a bit older and we’re not using technology as much, we found the toing and froing with the paperwork a little bit stressful because we don’t have all the equipment at home to do some things.”

However, Jane said her Reverse Mortgage consultant Anthony Waldron made all the difference.

“I want to give Anthony a big pat on the back because he was absolutely amazing. He had the patience of a Saint when it came to helping us with the online portions and he was with us the whole way. It was really exciting for us, and he seemed to be quite excited too.”

Jane and Peter took out their Heartland Reverse Mortgage in March 2023 and since then, it has made the world of difference. Jane said they have been able to enjoy their retirement “knowing that neither of us have to panic and that the future is secure for us.”

Jane and Peter have now moved cities and are living in a home they love, with a bit of extra money left over to help them enjoy their retirement. “Now we’re good as gold. We’re happy as little munchkins in our neat little house … Also knowing that later we can probably borrow some for a holiday or something like that. That’s why we chose it.”

Jane has also recommended a Heartland Reverse Mortgage to lots of her friends. “Some people have negative reactions because of things they’ve heard in the news [about other providers], but others are like “wow, I didn’t know you could do that,” Jane said. So, I always say, “try Heartland first and see what they can do for you.”

*Names and photo changed for privacy purposes