Unlocking Some of Your Home Equity

Most people don’t have a company pension plan to rely upon in retirement and, even if you do, it’s often not enough to help you finance your retirement. A reverse mortgage is a loan again the appraised value of your home. It is designed exclusively for homeowners aged 55 and older.

With a Reverse Mortgage:

• you can access up to 55% of your home’s equity, tax-free without effecting your OAS or CPP
• you can acquire the money as a lump-sum, a monthly or quarterly advance, or a combination of the two
• you remain in your home
• you maintain the title and ownership of your home
• you don’t have to make any regular mortgage payments or pay back the loan until you leave or sell your home

Have questions about unlocking some of your home equity through a reverse mortgage to help boost your retirement savings? Let’s discuss how this solution may be able to benefit you. Please feel free to email me or give me a call, let’s talk reverse mortgages! 😉