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Benefits of a Reverse Mortgage Tax-Free
Because there are no required mortgage payments on a reverse mortgage, the interest is added to the loan balance each month.
You may usually borrow up to 55% of the current value of your home, subject to certain lender restrictions listed below.
This money doesn’t affect the Old Age Security (OAS) or Guaranteed Income Supplement (GIS) benefits you may be getting.
Let’s COMPARE the benefits, before you CHOOSE.
Experience, accountability, integrity, value and savings guaranteed.
- A Reverse Mortgage will not affect your OAS or CPP.
- Use the Tax-Free money as a lump sum or by instalments.
- Pay off debts and No payments.
- Tax-Free money for Retirement.
- Update your home without depleting your current savings.
- No regular monthly mortgage payments for homeowners.
- Maintain ownership and control of your home.
- You never have to sell or move.
- Keep all the remaining equity in your home after it is sold.
