Reverse Mortgage

Canadians deserve a comfortable retirement. If you're age 55+ you can unlock equity of your primary residence home without having to sell or move - funds can be used as you wish!

Will a reverse mortgage be a good fit for you?

No Mortgage Payments

Thats right! No regular mortgage payments are required as long as you or your spouse are living in the home. You still have the option to make payments if you like. Mortgage is due when you move or home is sold.

Tax Free Money

Funds received from reverse mortgage is tax-free. Old-Age Security (OAS) or Guaranteed Income Supplement (GIS) benefits will not be affected.

Eligibility

No credit check, no income required and no health check needed. Must be 55+ years old. Home must be primary residence.

Maintain Homeownership

You will not be asked to move or sell your home to repay your reverse mortgage. Even if home value changes. As long as property taxes, fire insurance, and condo/maintenance fees are up-to-date while you live there.

How to use the funds?

However you want! Opportunities are endless! Some borrowers choose to pay off debts, set aside for unexpected expenses, home renovations, pay for special vacation, purchase another property, help children or grandchildren, maintain lifestyle and much more.

TINA KHA Mortgages