REVERSE MORTGAGE
This program is designed to help Retirees and Seniors.
If you are 55 years of age or older, you have access to this Government of Canada program. Here are some great solutions under the program:
No Need to Downsize or Sell Your Home:
This means you can stay in the home you love, the yard and neighbourhood you are familiar with, maybe even your long-time neighbourly friends!
- Use funds to upgrade your kitchen or bathroom or other major improvements to keep you comfortable.
- Minor cosmetic improvements like new floors and fresh paint, even new furnishings.
- Add monthly income by finishing a basement suite or building a laneway home!
- Increase energy efficiency with upgraded windows, doors, lighting and heating systems.
- Increase accessibility with a stair lift, walk-in bath, or ramp for your wheelchair or scooter.
- Smart home upgrades to make life easier using your smartphone or virtual assistant to control lights, thermostats and other electronics.
Lifestyle Advantage:
Live the retirement you worked for and earned!
- Travel the world or take a well-deserved cruise or sunny holiday!
- Purchase a new home, even with little or no income
- Avoid selling your safe, income producing investments, and with the Income Advantage Program, we can offer you additional tax-free monthly income
- Join a golf or country club to enjoy their amenities, keep you active, and make new friends
Living Inheritance and Donation:
Enjoy seeing your loved one’s benefit from the home equity wealth that you have earned.- Living inheritances are a way to gift your love ones now to help better their lives.
- For gifts of down payment for a new home purchase we can even register you as a co-owner, to protect your investment
- Reduces fees and legal costs vs probate, which can take months or years to resolve when there are disputes.
- It can be partial or full transfer of assets, to multiple recipients, now or later
- We can show you the tax savings, with help from am Chartered Accountant
- Donate to your Church, Mosque, Temple, Synagogue, Gurudwara, or place of other worship
- Help your favourite charity or foundation!
REVERSE MORTGAGE FAQ'S
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LENDERS & BANKS THAT WE NEGOTIATE WITH ON YOUR BEHALF
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