Ontario Reverse Mortgages Made Easy

Trusted Mortgage and Financing in Pickering, Durham Region, GTA and across Ontario

Pickering, Durham Region and Ontario Reverse Mortgages made easy!

Pickering, Durham Region and Ontario Reverse Mortgages Made Easy!

I can help with your mortgage needs and help answer any and all your questions for you.

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I can help you and your family navigate the reverse mortgage world.

Unlike a traditional Ontario mortgage where you make payments to a bank or someone else, a reverse mortgage pays you. You can use the money in anyway you see fit and live your retirement comfortably knowing you don't need to leave your home which is a huge benefit.

The biggest benefit of a reverse mortgage is that you are not required to make regular payments for as long as you or your spouse lives in your home.

I'm sure you have many other questions and I would be more than happy to help answer them for you. Simply fill out the form above.

Reverse Mortgage Quick-Facts and Features

  1. 1

    Tax Free Money

    The money you receive does not constitute a part of your taxable income, meaning that your Old Age Security (OAS) and Guaranteed Income Supplement (GIS) is not affected.

  2. 2

    Maintain Ownership of Your Home

    Contrary to popular belief, you will not lose your home with a Canadian reverse mortgage. You'll never be asked to move or sell to repay your CHIP Reverse Mortgage. The requirement is to maintain your property and stay up-to-date with property taxes, fire insurance and condominium or maintenance fees while you live there.

  3. 3

    Use The Money Anyway You Wish

    A reverse mortgage can help you enjoy your retirement or cover unexpected expenses. Pay for medical bills, upgrade your home, help family and loved ones, travel and pay monthly expenses without depleting your current savings. The only condition is that any outstanding loans secured by your home must be paid out with the proceeds from your CHIP Reverse Mortgage.

  4. 4

    Keep All Remaining Home Equity

    In many years of experience, 99 out of 100 homeowners have money left over when their CHIP Reverse Mortgage is repaid. And on average, the amount left over is 50% of the value of the home when it is sold.

  5. 5

    Basic Qualification

    To qualify you must be a Canadian home owner, 55 years of age or older. The age qualification applies to both you and your spouse. Get up to 55% the value of your home; No credit, no health check and no income needed. Your home must be your primary residence.

  6. 6

    No Repayment While Living In your Home

    Regular mortgage payments are not required while you or your spouse are living in the home. The full amount only becomes due when you and your spouse no longer live in the home.

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