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Mortgage freedom for 55 plus! No regular repayment of loan!!
If you have a mortgage on your home, we will show how to get off the monthly or regular payment commitment. Can get tax free funds too for your personal needs!
- Canadians 55+ with a mortgage on their home, can switch to reverse mortgage
- No change to ownership of the home
- No regular or monthly repayment required
- No taxes are owed on the borrowed money
- Does not affect Old Age Security (OAS) or Guaranteed Income Supplements (GIS)
- Convert some of the equity in the house into tax free cash and have financial freedom
Options are available on how to receive the funds – as lump-sum or in installments. After paying-off the existing mortgage balance, the rest of the tax free amount from reverse mortgage can be used for any purpose of your choice!
As licenced brokers, we are here to provide full support during the application process and take pride in your funding success. Always look forward to establish long-term relationship, to earn your trust and referrals.