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Are you over the age of 55 and a current home owner? Are you in need of money but can't qualify for any loans due to credit and no employment? Would you be interested in getting a loan tax-free and not making any monthly interest and principle payments? If you answered yes to all 3 questions, than call me today!

A reverse mortgage is secured by the equity in your home. But unlike a regular mortgage you do not have to make any principal or interest payments for as long as you live in your home.

Benefits:

1)100% of Reverse Mortgage proceeds are tax-free.
You are not required to make any payments at all
You are only required to pay back the loan if you sell your home or you move out


2)You will maintain ownership & 100% control of your home.
You will never be required to move or sell your home to repay your reverse mortgage loan.


3)You keep all the equity remaining in your home.
On average, 99 out of a 100 homeowners have money left over when their reverse mortgage is repaid, and the average amount left over is 50% of the homes' value when it is sold

4)You can save $$$ money on your taxes right away!
By using the proceeds of your reverse mortgage to purchase income generating investments like GIC's or mutual funds, you might be eligible to deduct the mortgage interest charges from your income to reduce your taxes owing. I would be happy to refer you to a financial planner who would be happy to discuss this alternative with you


5)No Income or Credit to Qualify
All that is required is that all home owners are over 55 and you own a qualifying property.

Please note this program is not for everybody, but for those who do qualify; it is certainly a retirement option to consider.

Let me help prepare you for your future. Call me today to discuss your many mortgage options that may be available to you 604-809-3202. Best of all, my service is free!



BC
Elana Rendell
604-809-3202
604-647-0631
604-809-3202