TGIF - It's not always about moving!
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There are moments when we go to visit seniors who feel that, financially, they have no option except to sell their home, even though that is the last thing they actually want to do. If the owners have paid off their mortgage, they can access their equity with ease by means of a reverse mortgage which supplies a much needed additional income.
We know many people who have extended their time in their happy place, their home, by means of a reverse mortgage. It is always our pleasure to be able to advise these seniors that selling is not their only option. As the Baby Boomers age, and we experience a remarkable appreciation in real estate values, reverse mortgages have become a more popular trend. Home Equity Bank reported a 26% rise in reverse mortgages last year alone!
We are supplying the link to the appropriate Gov't of Canada website and, if you still have questions, please call us and we'll put you in touch with a live expert!
All things real estate come under our umbrella - know that we have you covered. Sheila and Michelle