Reverse Mortgage

Retirement is nearer than you realize. Are you aware that you can access tax-free funds from your home equity without having to sell your property? Numerous Canadians, just like you, are seeking ways to boost their retirement income, and they are achieving this by tapping into the considerable wealth they have accumulated as homeowners through a Reverse Mortgage

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What is a Reverse Mortgage?

A reverse mortgage can be likened to a credit line, but it has a significant distinction: no monthly payments are required, nor do you need to sell your property. Like a credit line, you can access your funds in a lump sum, through monthly installments, or a mix of both. With a reverse mortgage, you can tap into a portion of your home’s equity, up to a specified limit, as a loan. The value of your home backs this loan, and repayment is only necessary when you sell your house or pass away.

  • No Monthly Payment

    A reverse mortgage enables you to access your home's equity under certain conditions, without the need for monthly payments, in contrast to conventional loans that require regular repayments.

  • Leverage Equity

    Leverage the equity in your home to boost your retirement savings and income – and did we mention it’s tax-exempt?

  • Using Your Equity

    Utilizing a reverse mortgage enables you to take advantage of the equity you've accumulated, all while continuing to reside in your home.

  • Reverse Mortgage Safeguards

    The amount owed on your reverse mortgage will never surpass the value of your home, ensuring you are safeguarded from paying more than its actual worth.

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Make The First Move Your Move?

Could a reverse mortgage work for you? Contact our experienced team to get answers, clarify your options, and make informed decisions.

 FAQs

  • To qualify, you need to possess a home that serves as your primary residence or a dwelling where you reside for a minimum of 6 months each year. Additionally, every owner named on the property's title must be at least 55 years of age.

  • Typically, you can receive between 40% and 60% of your home's appraised value. Various factors influence this percentage, including your age and current interest rates. Reach out to us today to learn more.

  • You begin your journey, we will support you at every stage. Our reputation is built on transparency and integrity in all our actions. With more than 25 years of experience, we guarantee that all our clients are well-informed before making any decisions. We collaborate with various lenders to secure the best rates for you – our priority is representing your interests, not those of the lender.

  • If you are 55 years old or older, intend to remain in your home for the foreseeable future, and wish to boost your retirement income to manage daily expenses, this opportunity is tailored for you. You have the option to tap into the equity of your home and obtain either a one-time payment or consistent payments from a lender to help meet your retirement financial requirements.