Compare Reverse Mortgage Lenders

Every lender is different. We help you understand the options so you can choose with confidence. Here is an independent overview of the lenders on our panel.

Independent comparison All ASIC-licensed lenders No pressure, your decision

Why Comparing Lenders Matters

Reverse mortgages are not all the same. Small differences in rates, fees and features can have a significant impact over time. Understanding your options is the first step to a confident decision.

Interest Rates Vary

Even a small difference in interest rates compounds over time. Comparing rates helps you understand the long-term cost of each option.

Features Differ

How you access your funds, repayment flexibility and additional protections can all differ between lenders. The right features depend on your circumstances.

Eligibility Criteria

Each lender has different age requirements, property criteria and borrowing limits. Understanding eligibility helps narrow down which lenders may suit you.

Meet Our Lender Panel

We work with three trusted reverse mortgage lenders in Australia. Each brings different strengths and product features to help meet different needs.

Heartland Finance

Specialist Reverse Mortgage Lender

One of Australia's most established reverse mortgage providers, Heartland Finance (part of Heartland Group Holdings) has been helping Australian retirees access their home equity for over a decade. They are a dedicated reverse mortgage specialist with deep experience in the Australian market.

Key Features

  • Lump sum, regular drawdowns or cash reserve facility
  • No negative equity guarantee (NNEG)
  • Voluntary repayments accepted at any time with no penalties
  • Lifetime occupancy guarantee for you and your partner
  • Variable interest rate

Best Known For

Market-leading experience in reverse mortgages with a well-established product and strong track record in the Australian market.

Rates, fees and eligibility criteria are subject to change. Contact us for current details.

Household Capital

Retirement Funding Specialist

Household Capital positions itself as a retirement funding specialist. Founded with a mission to help Australians use their home equity as part of a broader retirement income strategy, they focus on long-term outcomes rather than simply providing a loan.

Key Features

  • Household Loan with flexible access options
  • No negative equity guarantee (NNEG)
  • Retirement funding approach with ongoing support
  • Voluntary repayments accepted
  • Variable interest rate

Best Known For

A retirement-focused approach that treats home equity as part of your overall retirement plan, with dedicated support and education resources.

Rates, fees and eligibility criteria are subject to change. Contact us for current details.

Brighten

Non-Bank Lender

Brighten is an Australian non-bank lender that has recently entered the reverse mortgage market. Known for their tailored lending solutions and fast turnaround times, Brighten brings a fresh option to the reverse mortgage space with a focus on transparent, straightforward products.

Key Features

  • Reverse mortgage product for eligible Australian homeowners
  • No negative equity guarantee (NNEG)
  • Flexible drawdown options available
  • Voluntary repayments accepted
  • Competitive rates for qualifying properties

Best Known For

A non-bank alternative bringing new competition to the reverse mortgage market, with a focus on transparent lending and broker-friendly processes.

Rates, fees and eligibility criteria are subject to change. Contact us for current details.

Side-by-Side Comparison

A detailed overview of features across our lender panel. This is a general guide only. Specific terms, rates and eligibility vary by lender and individual circumstances.

Feature Heartland Finance Household Capital Brighten
Lender Type
Lender category Specialist reverse mortgage lender Retirement funding specialist Non-bank lender
Market experience Well-established (10+ years in Australia) Established (purpose-built for retirement) Newer to reverse mortgages (entered 2025-2026)
How You Can Access Funds
Lump sum
Regular drawdowns
Cash reserve / line of credit
Your Protections
No negative equity guarantee
Lifetime occupancy guarantee
Independent legal advice required
Repayment Flexibility
Voluntary repayments
No mandatory repayments
Interest Rate
Rate type Variable Variable Variable
Interest compounding Monthly Monthly Monthly

This table provides a general overview only. Specific rates, fees, terms and eligibility criteria vary by lender and your individual circumstances. Rates and features may change without notice. Contact us for a personalised comparison based on your situation.

What to Consider When Comparing

Beyond the features table, here are the key factors worth thinking about as you compare your options.

Total Cost Over Time

Look beyond the headline rate. Consider how interest compounds, what fees apply upfront, and how the total cost looks over 5, 10 or 15 years. Our team can model this for you.

How You Want to Access Funds

Do you need a single lump sum, regular income, or the flexibility to draw down as needed? Different lenders may offer different options that suit your needs.

Your Property Type and Location

Not all lenders accept all property types or postcodes. Rural properties, units and non-standard dwellings may have different eligibility requirements across lenders.

Impact on Your Estate

Consider how each option affects the equity remaining in your home over time. This matters if leaving an inheritance is important to you and your family.

Centrelink and Pension Impact

A reverse mortgage may affect your Age Pension entitlements depending on how you use the funds. We can help you understand these implications before you proceed.

Your Future Plans

Think about whether you plan to stay in your home long-term, downsize later, or move into aged care. Different scenarios may favour different products.

How We Help You Choose

You do not need to compare lenders on your own. As an independent broker, we do the comparison work for you and explain everything in plain English.

Choosing the right reverse mortgage lender is an important decision, and it is one we take seriously. Our role is to understand your unique circumstances, compare the available options across our panel, and present you with a clear recommendation.

We never pressure you to choose a particular lender. Our recommendations are based on what we believe is the best fit for your individual needs, taking into account your goals, your property, your financial situation and your family considerations.

If we believe a better option exists outside our panel, we will tell you. Your interests always come first.

  1. Free Discovery Call

    We start by understanding your situation, goals and concerns in a relaxed, no-obligation conversation.

  2. Personalised Comparison

    We compare options across our panel based on your specific circumstances, not a generic template.

  3. Clear Recommendation

    We explain the differences in plain English and give you our honest recommendation, along with the reasons behind it.

  4. Your Decision, Your Timing

    Take all the time you need. Discuss with family. Ask more questions. We are here whenever you are ready.

Important Information

Our Independence

Money at 60 is a credit assistance provider, not a lender. We help you understand your options, compare products across our lender panel and guide you through the application process. We receive a commission from lenders when a loan settles, but our recommendations are always based on your individual needs and circumstances.

Rates and Information

The information on this page is current at the time of publication but may change without notice. Interest rates, fees, product features and eligibility criteria are determined by each lender and may vary. We do not publish specific interest rates on this page because they change regularly. Contact us for the most up-to-date rates and a personalised comparison.

Take Your Time

A reverse mortgage is a significant financial decision. We encourage you to take all the time you need, discuss your options with family and seek independent legal advice before proceeding. There is no obligation at any stage of the process.

Common Questions About Comparing Lenders

Ready for a Personalised Comparison?

Book a free discovery call and we will compare the options based on your individual circumstances. No obligation, no pressure.

Book a Free Discovery Call Call 1300 000 060

Money at 60 is a credit representative (CR 557838) of Invictus Group Pty Ltd (Australian Credit Licence 483078). ABN 23 694 415 337.

The information on this page is general in nature and does not constitute financial advice. It does not take into account your personal objectives, financial situation or needs. You should consider whether the information is appropriate for your circumstances before acting on it.

Lender information on this page was current at the time of publication. Product features, rates, fees and terms are subject to change without notice. Contact us or the lender directly for the most up-to-date information.

Money at 60 receives a commission from lenders when a loan settles. This is disclosed in full to all clients before any application is submitted.