The value of your Ontario home has grown over the years and makes up a good portion of your net worth. A Reverse Mortgage allows you to turn some of your home equity into tax-free cash.
It’s a financial solution designed for Senior Canadian homeowners aged 55+
Unlike a traditional mortgage where you make payments to a bank or someone else, a reverse mortgage pays you. You can use the money in anyway you see fit and live your retirement comfortably knowing you don’t need to leave your home.
The biggest benefit of the reverse mortgage is that you are not required to make regular payments for as long as you or your spouse lives in your home.
Try one of our easy to use mortgage calculators below to get a quick idea. If you have any questions, simply call or email for fast service.
Items we need from you when it comes to the Mortgage Process.
Providing all of the required documentation ensures that we can efficiently process your mortgage application. We will advise which of the following you will need to provide:
An appraisal of the property may also be ordered.
We like to roll up my sleeves so we get to know each other better. We like to be completely clear on your needs today and your goals for the future. We will send your application to the lender (or lenders) that can best meet your needs.
We deal with over 50 lending institutions, including major banks, credit unions, trusts and other national and regional lenders, which means we can put significant negotiating power to work for you. This wealth of product choice helps me find the best mortgage to fit your specific financial situation.
After your mortgage closes, we will continue to stay in touch with ongoing communications, because life doesn’t stand still and your mortgage needs can change over time. As your needs and situation shift, we will tailor your mortgage plan so that it always fits your current goals.
We appreciate any referrals – Thanks again