Heartland Seniors Finance – Reverse mortgage fees - PowerPoint PPT Presentation

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Heartland Seniors Finance – Reverse mortgage fees

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A Reverse Mortgage Utilize the graduated house buyback adding machine to perceive to what extent you can live off your value for and how financing costs and property estimations influence this kind of credit. – PowerPoint PPT presentation

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Title: Heartland Seniors Finance – Reverse mortgage fees


1
  • WELCOME TO
  • SENIORSFINANCE.AU

2
  • Heartland Seniors Finance
  • Heartland Seniors Finance is one of Australias
    leading specialist Reverse Mortgage lenders.
  • Established in 2004 originally as Australian
    Seniors Finance (ASF), the Company has helped
    thousands of people over 60 release home equity
    to fund a better lifestyle in retirement.
  • It was foundation member of the Senior
    Australians Equity Release Association of Lenders
    (SEQUAL), and over the last decade has played a
    significant role in the development of public
    policy and regulation of the Australian Reverse
    Mortgage market.

3
  • Reverse Mortgage Fees and Legal Requirements
  • Arrangement fees-
  • There will be charges with a specific end goal to
    set up your Reverse Mortgage. All our Reverse
    Mortgage expenses, with the exception of the
    valuation charge, will be deducted from your
    underlying drawdown.
  • Legal work-
  • Heartland Seniors Finance holds its own lawful
    consultants and you are not required to pay extra
    expenses to cover Heartland Seniors Finance
    legitimate work.

4
  • Interest rates-
  • Like some other advance, intrigue will be charged
    on your Heartland Reverse Mortgage. Premium will
    be charged at our relevant distributed variable
    market rate (around 1.5 to 2 over the standard
    variable home loan rates distributed by the
    significant banks) and will be added to the sum
    you have obtained to frame the general advance
    adjust which will change every day.
  • Keeping track-
  • To help you screen your home loan, we will send
    you an announcement at regular intervals
    itemizing the exchanges on your home loan over
    the past period, including interest and any
    pertinent expenses and charges.

5
  • THANK YOU
  • SENIORSFINANCE.AU
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