Reverse Mortgage Alternatives

A reverse mortgage is one way of accessing the equity in your home.

Other possibilities may include: Trading down to a smaller home Renting out part of your home Using Cash in Reserve Cashing in RRSP’s or Non-Registered Investments Taking out a traditional mortgage

Your property must also be mortgage free. If it is not, then the proceeds from the reverse mortgage will be used to pay it off. You are also encouraged to consult with your family on your decision to apply for a reverse mortgage.

I work closely with all of my clients to determine if a reverse mortgage is the right choice for them. Sometimes a more traditional method along with some creative thinking is all that is required, and together we'll find a solution.

If you are unable to meet all the criteria to qualify for a Reverse Mortgage, or if you decide you would rather go a different direction I can assist you regardless of your financing goal. As a licenced Mortgage Agent I work with over 90 different lenders including major banks to find the right product and best rate available to you.

If you would like to discuss an alternative to a Reverse Mortgage contact me today to learn your options.