REVERSE MORTGAGES
Unlock your home's hidden wealth – turn your house into a retirement asset!
What is a
Reverse Mortgage?
A reverse mortgage allows homeowners, typically homeowners 55+, to convert a portion of their home equity into tax-free funds, providing a source of income without the need to sell or move out of their home.
About
An overwhelming 93% of Canadians aspire to age in the comfort of their own home, reflecting a shared desire for familiar surroundings and independence in their golden years. A reverse mortgage allows you to live in your own home, maintain full ownership, and access your home's equity so you can continue living how you want.
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Reverse mortgages are limited to the following criteria:
1. You own your home
2. You're a Canadian that is 55 years or older
2. A maximum loan amount of 59% of the property's value
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With a reverse mortgage, you do not need: a source of income or credit
Value Partners
Why Consider a Reverse Mortgage?
LIVE IN
YOUR HOME
NO MONTHLY
PAYMENTS
PROCEEDS ARE
TAX-FREE
MAINTAIN FULL
OWNERSHIP
What can you do with the funds?
Take care of finances
Pay off high interest debts
Preserve your investments
Access emergency savings
Travel & Interest
Go on vacation!
Buy a vacation property
Start a new hobby or class
Help Family
Early inheritance
Help buy a first home
Support with education and tuition
Home Investment
Maintenance and repair costs
Renovation
Large, unexpected costs
Health and Wellness
Arrange for in-home care
Health and wellness classes
Pay for unexpected medical costs and equipment
Supplement Income
Keep up with rising cost of living
Maintain financial independence
Maintain or increase your daily standard of living