But retirement can also bring financial strain. Seniors often face the challenge of managing with less cash flow than they anticipated or coping with unforeseen expenses.

We understand. DLC has access to two banks that provide reverse mortgage solutions: HomeEquity bank and Equitable Bank. Each provides a suite of different product solutions dedicated to empowering older Canadian homeowners with smart, simple ways to use the value of their home during retirement.

How do you qualify?

There are five things that lenders look at to qualify an applicant for a reverse mortgage:

  1. Your age
  2. The amount of equity in your home
  3. The appraised value of your home
  4. The location of your home
  5. Current interest rates

Features of a Reverse Mortgage

  • Homeowners age 55 and older
  • No payments are ever required
  • No Income qualifications
  • No Credit requirements
  • Qualify for up to 50% of the value of the home
  • Money can be received as a lump sum, or over time or combination
  • Owner maintains title
  • They can sell or move at anytime
  • Receive the money tax free

Contact me today to discuss Reverse Mortgage solutions and to learn more on how you can unlock the value in your home.