TMM - News

Monthly payment option on reverse mortgages

Thursday 11th of May 2017

Heartland Bank, which is New Zealand’s largest reverse mortgage provider, announced today that mortgage-free seniors can now opt to receive a minimum $300 monthly payment on their loan.

The option is intended to provide such customers with greater cash flow flexibility and financial freedom.

Heartland senior manager retail Lisa Hatfield said demand for their reverse mortgage produ...

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