Benefits of a Reverse Mortgage
If you're 55 years of age or older and you own a home, a reverse mortgage might just be what you need to help you address current or expected financial needs.
Up to 55%
You can borrow up to 55% of the equity you have built up in your home.
Tax- Free Cash
Payments from a reverse mortgage are tax-free, so benefits such as OAS and GIS are not affected.
No Monthly Payments
There are no monthly payments and repayment of the loan is only required once you chose to move or sell.
You've put a lot into your home so it's important to know that you maintain control of your home with a reverse mortgage.
Why Consider Choosing Me to Help You Obtain a Reverse Mortgage?
You've definitely got a lot of options to consider if you're thinking about using a mortgage broker to help you obtain a reverse mortgage. Here are some of the values clients appreciate about me.