A Reverse Mortgage may be an option for you if you are 55 or older. Many Canadians find that their retirement income isn’t sufficient to support their lifestyle. With the cost of living increasing and managing other expenses, the Reverse Mortgage plan can help you unlock 55% of your home’s value and use those funds to improve your retirement lifestyle.
A Reverse Mortgage can also help pay for home improvements, travel, or to help your children and grandchildren with an early inheritance for an investment of their own. A Reverse Mortgage is tax free money and you will never have to make a monthly payment.