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Heartland

Compare home loan rates from Heartland Reverse Mortgages.

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Richard Whitten

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On this page you can find information about Heartland Reverse Mortgages. Skip ahead to the full table of products or read more about the lender.

Compare Heartland Reverse Mortgages home loans

Compare Heartland products below and hit "load more" to see a fuller selection of loans. You can also find more information on each individual product by clicking "more info".

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1 - 3 of 3
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Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Heartland Standard Reverse Mortgage
Heartland Reverse Mortgages logo
Principal & InterestInterest only50% min. depositOwner-occupier
Heartland Reverse Mortgages logo
Heartland Standard Reverse Mortgage
Principal & InterestInterest only50% min. depositOwner-occupier
Product NameHeartland Standard Reverse Mortgage
Interest Rate Typevariable rate
Repayment Type Principal & Interest Interest Only
Interest Rate p.a.9.75%
Comp. Rate p.a.9.78%
Minimum Loan Amount$5,000
Maximum Loan Amount N/A
Maximum Loan Term
Maximum LVR 50%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Interest Rate
9.75%
Comparison Rate
9.78%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$1,290
Heartland Secondary Property Reverse Mortgage
Heartland Reverse Mortgages logo
Principal & InterestInterest only66.25% min. depositInvestment
Heartland Reverse Mortgages logo
Heartland Secondary Property Reverse Mortgage
Principal & InterestInterest only66.25% min. depositInvestment
Product NameHeartland Secondary Property Reverse Mortgage
Interest Rate Typevariable rate
Repayment Type Principal & Interest Interest Only
Interest Rate p.a.9.75%
Comp. Rate p.a.9.78%
Minimum Loan Amount$5,000
Maximum Loan Amount N/A
Maximum Loan Term
Maximum LVR 33.75%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Interest Rate
9.75%
Comparison Rate
9.78%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$1,290
Heartland Aged Care Option
Heartland Reverse Mortgages logo
Principal & InterestInterest only
Heartland Reverse Mortgages logo
Heartland Aged Care Option
Principal & InterestInterest only
Product NameHeartland Aged Care Option
Interest Rate Typevariable rate
Repayment Type Principal & Interest Interest Only
Interest Rate p.a.9.75%
Comp. Rate p.a.9.92%
Minimum Loan Amount$5,000
Maximum Loan Amount N/A
Maximum Loan Term
Maximum LVR N/A
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Interest Rate
9.75%
Comparison Rate
9.92%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$1,290
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Heartland Reverse Mortgages lender profile

  • Heartland Reverse Mortgages is one of Australia's leading reverse mortgage lenders. A reverse mortgage enables seniors to access the equity in their property to help them live comfortably in retirement without having to sell their home.
  • Heartland Reverse Mortgages was founded in 2004 and has served over 21,000 Australian seniors. The company is owned by New Zealand's Heartland Group Holdings Limited.
  • The company's products have borrower protection and a no negative equity guarantee, which mean that your reverse mortgage borrowing costs won't exceed the sale value of your house (ensuring that you or your family will be able to cover your debts).

How do I apply for a Heartland Reverse Mortgages mortgage?

If you'd like to apply for a home loan from Heartland Reverse Mortgages, please speak to a mortgage broker or contact the lender directly.

Eligibility

Each Heartland Reverse Mortgages product has specific eligibility criteria but some will apply to all products. For example:

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with Heartland Reverse Mortgages you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

  • Identification documents. You will need identification such as a driver's license, passport or birth certificate.
  • Proof of income documents. Recent payslips can establish your income.
  • Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

Detailed guide to home loan applications and paperwork

Looking for more mortgage options?

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Editor

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio

Richard's expertise
Richard has written 530 Finder guides across topics including:
  • Home loans
  • Property
  • Personal finance
  • Money-saving tips
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