Heartland Reverse Mortgage Interest Rate Change

On 11 November 2022, Heartland Finance’s Standard Reverse Mortgage Variable Rate increased to 8.15% p.a. (comparison 8.17% p.a.*) from 7.85% p.a. (comparison 7.87% p.a.*).

*WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Heartland Finance’s new fee schedule can be found here. Please ensure to update your documentation, systems, and processes with this material.

For any questions please reach out to your BDM.