If you're a senior or over the age of 55 in Ontario and looking for a way to tap into your home equity without leaving your home, a reverse mortgage could be the right option for you.
With a reverse mortgage from CVE Mortgage Group, you can convert a portion of the equity in your home into tax-free cash, without having to sell your home or make monthly mortgage payments.
Here's a few benefits of a reverse mortgage:
No Monthly Mortgage Payments: Stop making monthly mortgage payments, and free up your cash flow with a reverse mortgage.
Stay In Your Home: Gain the ability to remain in your home for as long as you like, even if the load balance exceeds the value of the home.
Maintain Ownership: Retain ownership of your home, allowing any remaining equity to belong to you or your heirs.
No Income / Credit Requirements: Reverse mortgages do not have any income or credit requirements, making them a potential option for seniors that may otherwise have trouble qualifying for a loan.
Contact CVE Mortgage Group today to for a free consultation, and find out if a reverse mortgage is the best option for your specific financial situation.
Reverse mortgages allow homeowners to gain access to existing equity in their home without having to sell their property. The loan is typically repaid when the homeowner sells the property or passes away.
Here's how it works;
At CVE Mortgage Group, we can help you navigate to complexities of reverse mortgages and help you make the best decision in your circumstance. Contact us today for a free reverse mortgage consultation.