Reverse Mortgages are a Mortgage Product offered through Home Equity Bank a Canadian Schedule 1 Bank. A reverse Mortgage is a useful solution for Seniors looking to stay in their homes and communities, while maintaining the lifestyle of their choice.
There are advantages to obtaining this type of Mortgage and as your Mortgage Expert I will take the time to talk through these options with you as this is a big decision and it’s important for you to understand these options and feel comfortable you are making the right decision.
Some advantages are as follows:
- Pay off existing Mortgage or Debts
- Improve or Maintain Standard of Living
- Help your Children or Grandchildren
- Take a Special Vacation or Make a Special Purchase
How to qualify:
- Be 55 YRS of Age or Older
- Own Your Home
- Canadian Home Owner
- Primary Residence
If you are considering this option or have perhaps not considered this option before, please take a few minutes to speak with me so I can provide you with all the information you will need before making your decision.