Home Equity Access Scheme (formerly Pension Loans Scheme)
The Home Equity Access Scheme (HEAS) is a federal reverse-mortgage-style loan against the family home for older Australians. You receive up to 150% of the maximum Age Pension as fortnightly top-ups, or up to 50% of that as occasional lump-sum advances, repaid from the property when you sell or die.
Official source
servicesaustralia.gov.auRelated topics
heas · home equity access · pension loans scheme · reverse mortgage · lump sum advance · home equity loan · aged pension top up · reverse mortgage scheme · pension advance · older australians loan · home loan seniors · equity release aged · pension lump sum · age pension loan · home equity seniors · property loan retirees · heas loan · centrelink · pension · aged care
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