For many Canadians aged 55 and older, the home they’ve built over the years can become the key to financial freedom in retirement. A reverse mortgage lets you access the equity in your home without having to sell or make monthly payments. The loan is only repaid when you move or sell your home.
The amount you qualify for depends on your age, your home’s value, and its location. This option is ideal for retirees who want extra cash flow to enjoy retirement, pay off existing debt, or even help family—while staying in the comfort of their home.
If you’d like to explore whether a reverse mortgage is right for you or someone you care about, contact the team at The Mortgage Doctors Inc at 1.866.452.1100 for a personalized review. Your home could be the foundation of a more comfortable and secure retirement.
