REVERSE MORTGAGE
| Где | York |
|---|---|
| Связь | Отправить сообщение |
What is a Reverse Mortgage?
Our reverse mortgage product allows you to access a higher percentage of your home equity without the burden of monthly mortgage payments. The loan amount only becomes due when you no longer reside in your home. This means you can access funds without sacrificing ownership or regular payments.
Benefits of Our Reverse Mortgage:
Cash Access: Obtain funds for unforeseen expenses, assist family members with their first home purchase, or consolidate debts.
Tax-Free Funds: The money received through this reverse mortgage is tax-free and can be used according to your needs.
Frequently Asked Questions:
1. Who Qualifies?
Applicants and their spouses must be 55 years or older.
Home value should be a minimum of $300,000.
The property must be your primary residence located in select Canadian regions.
2. How Much Equity Can You Access?
You can access up to 55% of your home's appraised value.
3. How Do You Receive the Money?
Choose between a lump-sum payment or opt for subsequent advances based on your requirements.
4. What if Your Home's Value Decreases?
We ensure that the repayment amount will never exceed the fair market value of your home*.
5. Is This Suitable for Those Over 75?
Contact our specialists to explore the suitability of this product and discuss available options.
6. Does the Bank Own Your Home?
No, you retain full ownership and title of your home. You are responsible for living in the property, maintaining tax payments, property insurance, and ensuring property upkeep.
7. Can You Obtain This with an Existing Mortgage?
Yes, many clients use this solution to pay off existing mortgages and manage debts efficiently.
For more information and to determine if this reverse mortgage is the right fit for you, reach out to our specialists today. Unlock the potential of your home equity with Mortgage Alliance.
Contact us at 647-570-8187 to learn more about this product and explore your financial options.
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Номер объявления: 114308, опубликованно: Oct 1, 12:37 PM, изменено: Oct 1, 12:37 PM, просмотры: 57, поисков: 6279