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Heartland Reverse Mortgages

The current economic climate and what it means for retirees

  • Retirement savings are taking a back seat for many people with the focus shifting to making ends meet on a day-to-day basis and assisting family post COVID.
  • The low interest rate environment is challenging for retirees with many having to reconsider retirement options.
  • Uncertainty around the housing market may deter retirees from selling their home in the short-to-medium term with lockdown showing how valuable our homes were in more than just a financial sense.
  • NZ residential real estate value is $1.2 trillion outweighing NZ share market or KiwiSaver funds. With 77% of people aged 65 or older owning their own home, a reverse mortgage could provide access to much needed funds for Kiwis in retirement.

Disclaimer: This information is accurate as of July 2020

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What is a Heartland reverse mortgage?

A reverse mortgage is like a normal home loan that has been designed for the needs of people over 60. It allows you to release equity from your home to live a more comfortable retirement. Importantly, with a reverse mortgage you continue to own and live in your home and community for as long as you choose.

A Heartland reverse mortgage can be used for a number of purposes including

  • Paying off debt
  • Make home improvements
  • Supporting family
  • Covering day to day expenses or unexpected costs
  • Visiting family and friends
  • Buying a car
  • Paying for medical expenses
  • Going on a holiday
  • Home purchase/moving closer to family

A Heartland reverse mortgage can offer you:

  • Flexible finances. A reverse mortgage can be used for almost anything, whether you would like to make home improvements, assist with medical costs or just to take the stress out of everyday expenses.
  • Maintaining home ownership. You remain the owner of your property, continuing to enjoy the benefits of your community, social network, and family memories.
  • No regular payments required. Although you’re welcome to make regular payments, this is not a requirement. Interest is calculated daily on the balance outstanding and added to your loan monthly.
  • Designed to provide peace of mind. Heartland offer a lifetime occupancy guarantee, so you can continue to live in your home for as long as you want.

To find out more about a Heartland reverse mortgage read on watch the videos below or visit If you decide to proceed with one Heartland will insist that you're fully informed. We’re here to help.

Retirement, Video, Reverse Mortgage

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