I believe community is important. The idea of community and helping our neighbour go hand in hand. We all deserve dignity. I work with people and their issues each day, first hand. It’s amazing how alike we all are, our wants and needs, the simple things. But the unfairness of it all (says me ), […]

WHAT ARE THE PROS OF A REVERSE MORTGAGE? Repayment of your reverse mortgage is deferred – With a reverse mortgage loan, you receive a defined cash amount and eliminate your monthly mortgage payments. Plus, your reverse mortgage loan does not have to be repaid until you sell the house, move out or pass away. Your […]

As with a “regular” mortgage you can get a variable-rate or fixed-rate reverse mortgage! 🙂 Your interest rate will change as the prime rate changes. Rate changes are usually announced at eight Bank of Canada meetings a year, with a typical change of 0.25%; very seldom have there been two consecutive increases, so there’s unlikely […]

Reverse mortgages are a fantastic lending option for qualifying seniors with sizable home equity - there’s no better person to borrow from than yourself. Learn more about how reverse mortgages in Canada work in our quick guide below!

Over 93% of senior Canadian homeowners would like to retire where they feel most comfortable, in a home they love. Working with the major Canadian lenders I can offer the best solution for your situation and will provide you with all the facts before you make a decision. Call or send an email, whatever is […]

We have just closed a reverse mortgage for another happy client and of course, his happy puppy! First thing on the shopping list besides a nice chew toy, is a nice new truck! His present truck is 18 years old and is costing more money for repairs than it’s worth. You know what I think? […]

Pandemic and Retirement do not go hand in hand. In fact, the pandemic does not go hand in hand at any stage in life. So many people’s retirement plans has been derailed by the pandemic. 68% of Canadian seniors have had to dip into their emergency funds or savings to cover unexpected expenses. But what’s […]

It’s so heartwarming and gratifying to see how a reverse mortgage can improve my clients lives. It’s almost like a load has been lifted of their shoulders. With some, it’s the difference between day and night. Now they have the money available to live a more comfortable life in their own home and the cash […]

Reverse mortgages continue to gain popularity for Canadian homeowners aged 55 and over. One reason for the increased popularity…..simple necessity! Many retired Canadians are looking for options to increase their cash flow to help with everyday life expenses. In addition, there’s a growing preference to remain at home for as long as possible. Doing so […]

Before getting a reverse mortgage, any outstanding loans or lines of credit that are secured by your home must be payed off.  This can include an existing mortgage. You can use the money you get from a reverse mortgage to do this. You can use the remainder for anything you wish, such as to: pay […]