The faster way to release equity
A faster way to access funds up to $100,000, without the hassle of a fully registered valuation, also saving you some additional expense.
Why choose to streamline?
A faster way to access funds up to $100,000, without the hassle of a fully registered valuation, also saving you some additional expense.
With a reverse mortgage, you don't need to make regular repayments. Interest is calculated on the outstanding balance and added monthly to your loan. Voluntary repayments can be made at any time, which reduces the balance and interest charged.
The total loan amount, including accumulated interest, is repayable when you move permanently from your home. This could occur when you sell your property, move into long-term care or pass away.
To be eligible, you need to be over the age of 60, own your own home outright, or have a standard mortgage that can be paid off by the streamline reverse mortgage.
Streamline has all the protections of a standard Heartland Reverse Mortgage with a few added benefits including:
Registered valuations take, on average, 2 – 3 weeks to complete so our streamline process will save you time.
Without the requirement of a registered valuation, you could save anywhere from $600 when applying for a streamline reverse mortgage.
By removing the requirement for a registered valuation.
Use the calculator below to find out how much you could potentially borrow and to see the impact of your Heartland Reverse Mortgage on the equity in your home.
The Reverse Mortgage team will get back to you within one business day.
Monday to Friday,
8.30am - 5.00pm