Are you concerned about your retired parents ability to maintain their financial security?
If your parents are like many senior Canadians, then they would prefer to stay in their home as they age. However, you as their adult children worry that they may not have the finances to cover the costs of aging in place? These costs could include healthcare, in home help, and perhaps home mobility renovations. The costs really do add up.
Many people, parents and adult children alike, believe down sizing is the only option. But, there is another way, there is a solution…
A reverse mortgage can help your parents regain their financial independence by borrowing against the equity in their home and it’s 100% Tax Free!