Reverse Mortgage

Author: Mortgage Architects - mortgage by Patrick Tang |

Mortgage Services Richmond Hill

Who qualify to get reverse mortgage; 55 + Canadian.

Why do you need reverse mortgage; allow you to access tax free cash from your home to take advantage of diversified investment opportunities.

Reverse mortgage is good for purchase and refinance

Lending areas; National coverage for reverse mortgage in Canada

Products; Chip reverse mortgage and Income advantage

Chip reverse mortgage allow you to access up to 55% of the value in your home and is ideal for homeowner 55 + who are looking for an initial lump sum.

Income advantage is ideal if you are simply looking to supplement your monthly income. The minimum initial advance is $20K but you can receive more. Planned advance funds are distributed starting at $1000 monthly or $3000 quarterly, and amounts can be increased to meet your needs.



READ MORE BLOG ARTICLES