Have you ever tried to decipher reverse mortgage lingo and only ended up more confused than before you began your search? Understanding the benefits of reverse mortgages doesn't have to be complicated or confusing. So here, in simple terms are common questions answered.
Hi, my name is Bob Dubask, and I have been a Business Development Manager for the Calgary South and Southern Alberta region for HomEquity Bank for almost seven years. Combined with my experience with HomEquity Bank, I have over five decades of mortgage, banking and financing experience with the Bank of Montreal and Bridgewater Bank in Western Canada. I strongly believe in providing the right financial solution to help senior homeowners stay in their homes, manage their debt, improve their cash flow and ultimately, reduce their stress. Retirement is a time to enjoy the golden years. I want to make sure your clients have the opportunity for financial peace-of-mind so they can concentrate on enjoying life and living it in a way that makes them and their family happy.
what is a reverse mortgage?
Once a homeowner turns 55 and starts contemplating retirement, many thoughts will come to mind. Being financially dependent on pensions and government retirement funds may not be sufficient to fully enjoy their retirement years. Nowadays, a retirement fund can probably help finance basic necessities but may not provide a retiree with enough money to pay for unexpected expenses, or simply enjoy a certain lifestyle. One of the solutions to this problem, when someone is thinking about retirement now or later, is a reverse mortgage.
A reverse mortgage is a loan that provides seniors with tax-free cash against the equity in their home. The term reverse mortgage is used because instead of the homeowner having to make payments on a loan (i.e. line of credit), the homeowner has no regular payments for as long as they live in their home!
For more information about a reverse mortgage in Canada, contact your Business
Development Manager (BDM) in your region and find out what your client can receive today!
FIND YOUR BDM
FEATURES OF A
A reverse mortgage is a smart financial solution designed for Canadians over the age of 55 who are in need of improving their financial situation.
Access up to 55% of the home's value
No regular payments required
Maintain home ownership without having to move or sell
No TDS/GDS required
Receive the money as scheduled payments, as a lump sum, or a combination
The money you receive is tax-free
If you would like to learn more about a reverse mortgage from HomEquity Bank, contact your Business Development Manager (BDM).
FIND YOUR BDM