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 could be used in combination to suit your needs.

Reverse Mortgage drawdown options

Initial lump sum

This is an initial advance made on settlement. A minimum of $10,000 could be drawn.

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 could 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.

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.

Speak to a specialist

If you’d like to find out more about a Heartland Bank Reverse Mortgage, you can call us on 0800 488 740.
Alternatively, enquire with us by clicking the button below and filling out the contact form.
Our hours are Monday to Friday, 8.30am - 5.00pm

Enquire now

How can we help?

New Reverse Mortgage application

If you are new to Heartland and wish to apply for a Reverse Mortgage, please select apply here.

Cash Reserve request

If you already have a Reverse Mortgage and wish to draw funds from an existing account, please apply here.