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How does interest work with a reverse mortgage?

Understanding how interest compounds over time is an important part of seeing how a loan balance and your home equity might change. Because regular repayments aren't required, it’s natural to have questions about the long-term impact on your property. Heartland Bank team member Forbes breaks down exactly how floating interest is calculated, how it interacts with property value changes, and how our No Negative Equity Guarantee protects you.

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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.