Reverse Mortgage

An excellent option for home owners 55+

This can be a great option to help you stay in your home, while maintaining a consisten income after retirement.

Reserve mortgages are becoming more and more popular in Canada and can be applied for by home owners ages 55 and older. We have an increasing preference to maintain ownership of our homes for longer than ever before and in doing so cost of upkeeping our homes has also increased. With people being in better health in their senior years, many people are traveling and seeing the world in a way they haven’t had the time to do prior to retirement. Whatever the reason, a reverse mortgage could be for you!

Reverse mortgage are designed to allow access to up to 55% of your homes equity. This equity can be paid out multiple ways, either as a lump sum payment or via monthly payouts. Through out the life of your reverse mortgage you’ll enjoy no monthly mortgage payment, flexible options to pay your mortgage off early, along with a guarantee of no early payout penalty in the event of death or home care placement.