A Smart Retirement Funding Solution
A reverse mortgage is a powerful financial tool designed for Canadian homeowners aged 55 and older. It allows you to convert a portion of your home’s equity into tax-free cash without having to sell your home or make regular mortgage payments.
The loan is repaid, along with the accrued interest, only when you sell your home, move out, or upon the passing of the last homeowner. This can be an excellent way to supplement your retirement income, pay for home renovations, cover healthcare expenses, or simply enjoy a more comfortable lifestyle without the stress of monthly payments.
We can provide a clear, no-obligation consultation to explain how a reverse mortgage works, review the pros and cons, and determine if it’s the right fit for your retirement plan.