As more and more Canadians age, and the cost of living keeps going up, it is sometimes hard to keep up with all the expenses and lifestyle while depending on only the pensions, or even the income we bring in.
An Equity Release (or REVERSE) mortgage is a solution designed to assist those who are 55 years of age or older live a more comfortable life, whether they are working or not.
This type of mortgage helps you access equity from your home, without having to worry about making monthly mortgage payments.
Some of the key features of an Equity Release or Reverse Mortgage
- Access to a dependable source of funds
- No mortgage Payments during the term
- Keep the home ownership in your name
- Tax-free cashflow
- Initial, single or recurring advances
An Equity Release or Reverse Mortgage is not for everyone, contact us now for a free evaluation.