55 Years And Above? Qualify For A Reverse Mortgage Now & Get The Money You Need Without Selling Your Home!
- There are no income requirements to qualify unlike for regular mortgages or HELOCs. Homeowners are responsible for property taxes, property insurance and maintenance.
- This money doesn’t affect the Old Age Security (OAS) or Guaranteed Income Supplement (GIS) benefits you may be getting.- No
monthly
mortgage payments are required with a reverse mortgage
- The funds from a reverse mortgage can be received in as a lump-sum or in regular instalments.
- Homeowners retain ownership of their home while accessing the funds.
- The loan is typically repaid when the homeowner sells the property, moves out, or passes away.
- Up to 59% of the home's value can be borrowed through a reverse mortgage.
- Primary residence
- Property type and location
- You live in Ontario.
- All title holders apply as joint borrowers (ON, AB, BC)