If you are a Canadian homeowner and 55 years or older, then you can make the most of a reverse mortgage. It is a tax-free loan, which you can borrow up to 55% of your home’s appraised value. With this type of mortgage, there are no regular monthly payments. A reverse mortgage will add some cash to enjoy your life or take care of your family.
Wouldn't you love to give an early inheritance to your children or grand-children? Want to help them with a downpayment on a house? Wouldn't you love the freedom to travel or spend more time with family? What better time than now to make memories, which will last a lifetime and your family will love you for it!
As a Peterborough homeowner, the Otonabee River provides natural beauty, great support for retirees, access to healthcare, and an affordable lifestyle.
Is a reverse mortgage suitable for a Peterborough homeowner?
Consider this:
1. tax free loan
2. no monthly payments
3. reduce investment withdrawals
4. help your family with a downpayment on a house or education
Make an in-person appointment for unbiased guidance from the comfort of your home. When we meet, I will review your goals, explain the reverse mortgage, and let you know if it is suitable for you.
Dina Tull, Certified Canadian Reverse Mortgage Consultant, tel. (647) 869-2370