A Heartland Reverse Mortgage is like a normal home loan that has been designed for the needs of people over 60. It allows you to unlock equity from your home to live a more comfortable retirement.
A Heartland Reverse Mortgage allows seniors over 60 who own their own home to access some of the equity in their home, without having to sell it.
A Heartland Reverse Mortgage carries the following promise:
Your home will remain the place you live in for as long as you choose.
No Negative Equity guarantee
The amount required to repay the loan will never exceed the net sale proceeds of the property.
There is no requirement to make any loan repayment until the end of the loan, although you are free to do so at any time.
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