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.
Want to know more?
Request a free info pack to see:
- what a reverse mortgage is
- the pros and cons of a reverse mortgage
- the protections you should expect from any provider
How does it work?
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.
Why choose to streamline?
Streamline has all the protections of a standard Heartland Reverse Mortgage with a few added benefits including:
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No registered valuation required
Registered valuations take, on average, 2 – 3 weeks to complete so our streamline process will save you time.
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Lower upfront costs
Without the requirement of a registered valuation, you could save anywhere from $600 when applying for a streamline reverse mortgage.
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Faster settlements
By removing the requirement for a registered valuation.
How to get started
Apply online
Complete your application in minutes from your mobile phone, tablet or laptop.Approval
We’ll review the evaluation and your application. Provided they meet our criteria, we’ll make you a loan offer.Settlement
We’ll send your loan documents to your solicitor for independent legal advice. If you proceed, sign and return them for settlement.
Calculate my loan
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.
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The Reverse Mortgage team will get back to you within one business day.
Call us on 0800 488 740
Monday to Friday,
8.30am - 5.00pm