Leverage the equity in your property with a reverse mortgage! Many retirees or those soon-to-be retired are looking at ways to unlock the value of their homes to free up tax-free cash.
There are many reasons to tap into home equity. What’s yours?
- You want the financial freedom to pay off your mortgage and any other debts.
- It’s becoming harder to live on your current income; you can’t manage ongoing bills like property or income taxes.
- You want a financial cushion to live comfortably and without worry.
- You want to purchase a second home or start a new business.
- You want to travel, fix up your home, or are facing a large unexpected expense.
A reverse mortgage can be a tremendous financial solution, allowing you to access your equity while you always maintain ownership of your home and never have to move or sell. No mortgage payments are required, and you can receive your tax-free cash over time or in one lump sum.
Have a discussion with your mortgage broker if you are interested in exploring these financial benefits.