What Is a Reverse Mortgage?
A reverse mortgage allows Canadians aged 55 and older to convert the equity in their home into tax-free cash. Whether you prefer a lump-sum upfront or periodic advances, this flexible financial solution provides a way to relieve financial pressure without sacrificing your home.
Key features:
Why Use a Reverse Mortgage?
A reverse mortgage can serve a variety of needs. Here are some ways you might use the funds:
Who Can Qualify for a Reverse Mortgage?
To qualify for a reverse mortgage, you need to meet the following criteria:
Benefits of a Reverse Mortgage
A reverse mortgage offers numerous advantages, making it an attractive financial option for many Canadians:
You always own your home
Reverse mortgage companies do not own your property; they simply offer a financial product to help you access your equity.
No regular monthly payments
You don’t have to make any mortgage payments as long as your home remains your primary residence.
Tax-free funds
All the funds from a reverse mortgage are tax-free, which doesn’t impact your government benefits like OAS and CPP.
Customizable options
You can access up to 55% of your home’s value, with flexible disbursement options including lump-sum, monthly, or quarterly installments.
Protect your investments
Keep your investment portfolio intact by using your home’s equity for financial needs.
Full control
Take control of your finances, reduce stress, and create the lifestyle you want without the worry of monthly mortgage payments.
How a Reverse Mortgage Works
Decide if It's Right for You
Let us help you assess your financial situation to determine if a reverse mortgage is the right solution for you.
Create Your Flexible Plan
You can access up to 55% of your home’s appraised value, tax-free. Choose to receive the funds in a lump-sum payment or in installments over time.We match you with the best mortgage solution for your unique situation.
Experience Peace of Mind
With a reverse mortgage, you maintain full ownership of your home, providing peace of mind that you’ll always have a place to live.Feel the freedom that comes with securing a mortgage that works for you now, and into the future.
Reverse Mortgages Made Easy
Finding the right mortgage solution can be overwhelming. With so many options and so much information available, it’s easy to feel lost. Jason provides a personalized, human approach to reverse mortgages, walking you through every step of the process.
We offer:
Our Mortgage Services
Beyond reverse mortgages, we can also help with:
Let’s Connect
If you are a Canadian who is 55+ and living in your primary residence, find out how a reverse mortgage could make life a little lighter. Reach out using the form below, or better yet, call Jason now.
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