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Flexible drawdown options to suit your needs

We encourage you to only borrow what you need. With a Heartland Reverse Mortgage, we provide three flexible options to access the equity in your home, which can be used in combination to suit your needs.

Lump sum up front

This is an initial advance made on settlement. A minimum of $5,000 must be drawn.

Monthly advance

Supplement your retirement income and live easier with the Easy Living Monthly Advance - receive a monthly payment for up to 10 years.

  • Minimum $300 per month.
  • Up to 10-year options.
  • One time set up fee of $120.

Cash reserve facility

Our cash reserve facility enables you to set aside funds for future needs or unexpected expenditure (e.g. home repairs, healthcare). You can apply to draw on this reserve at any time, however this is subject to approval. There is no interest charged on any amount of your facility that has not been drawn down. Interest will only be charged on what you use.

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Reverse Mortgage insights guide with the title: Enjoy a better lifestyle in retirement