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Canadian Reverse
Mortgages
Our friendly expert Gregory Stanley would
be happy to personally explain the advantages of a Canada Reverse
mortgage. He is just a toll free call away, direct to his desk,
call him at 1 866 658-0492, for his helpful and FREE advice for
seniors wanting to discuss a Canada reverse mortgage. You should
call him before you make a decision to either obtain a Canada
reverse mortgage or simply obtain a conventional mortgage Canada
loan. He will help you.
“My first interest
is in your best interests”
Gregory Stanley CFP AMP is a duly licensed
Canada mortgage consultant and also a Certified Financial Planner
who has been in the financial services industry for over 22 years.
He has conducted many seminars for seniors, a contributing Money
Column writer for senior publications, and even been on the Daily
Edition television show to help Canadians plan their retirement.
He knows the unique needs that seniors face financially and understands
the reasons ‘for and against’ having a Canada Reverse
Mortgage. More about Greg
First here are some quick highlights you
should know about a Canada Reverse Mortgage. Gregory Stanley,
mortgage consultant expert, says that:
- You should be 62 years or older to
obtain a Canada reverse mortgage
- The minimum size of a Canada reverse
mortgage is $20,000. It should really be higher … and
can be as high as ½ million dollars!
- The cash you receive from a Canada
reverse mortgage is TAX- FREE.
- You do not have to make any repayments
to your Canada reverse mortgage as long as you (or your spouse)
continue to live in your home.
- You have fabulous flexibility with
your Canada reverse mortgage. You can never be told to sell
or move from your home.
- Proper expert advice will mean that
you will only ‘take out’ the right amount of equity
for your needs. And you will always be able to continue to live
in your own home. Cash now… and ‘keep on living’
in your own home. It is that easy.
- Your home equity in your home is like
a shoe-box in your closet. You own it … but it is not
working for you. Getting a Canada reverse mortgage is like opening
that shoe-box and taking out some thing valuable and using it.
In your case it is the equity in your home. And this equity
can do some really wonderful things. See below just a few ideas
for things you can do with your Canada reverse mortgage….
How to use your Cash from your Canada
Reverse Mortgage
Most seniors live on a fixed income!
If you don’t live on a fixed income then you are one of
the very lucky ones! Living on a fixed income is one common situation
that most seniors face. And this important fact makes a Canada
reverse mortgage very attractive. Sometimes in life you need cash
to pay for those unexpected financial needs that occur. I mean,
is it not true that if you live long enough you suffer or you
know someone in your family that suffers from some financial crisis?
Eventually most people have a financial need … and a Canada
reverse mortgage can assist you.
Perhaps your health is worse now than
before. For example, let us assume that you now need or expect
in the near future that you will need home care or in-home help.
Or maybe you need to pay for some unexpected medical expense?
How are you going to pay for it? With a Canada reverse mortgage
you now have the cash to pay for those medical expenses. There
is no monthly repayment necessary. You can pay that bill and just
keep on living on your fixed income because you chose to obtain
a Canada reverse mortgage.
Do you find that your fixed income is
less than you can live on? Are you unable to go visit the grandkids
because of the cost? The price of gas keeps going up and you think
‘oh my God’ I can’t afford going as often? Well,
a Canada reverse mortgage will solve that problem. It will give
you the extra cash to take the pressure off managing your day-to-day
expenses.
But sometimes solutions are in just paying
off other loans that have higher interest charges or demand a
quicker pay back schedule. With a Canada reverse mortgage you
can pay off all your other loans, debts, and credit cards altogether!
You can increase your monthly cashflow by removing all of your
loan payments on any other debt you have! And remember with a
Canada reverse mortgage you don’t have to make any monthly
repayments. How nice and better would your situation improve if
you didn’t have make anymore payments on your credit card
payments, or car loan, anymore? Would it make the difference of
taking that holiday? And being able to see a loved one with the
extra money you now have to live on each month? If the answer
is ‘yes’ then you could use a Canada reverse mortgage.
Perhaps you would like to make home improvements
…for medical reasons or just for fun? A new kitchen is fun
to cook in for family gatherings. Or a easier bathtub to get in
and out of and making your access more friendly. Perhaps you need
money to build a rental suite so you can earn more monthly income?
A Canada reverse mortgage can provide the cash to do this! And
again, with a Canada reverse mortgage you don’t have to
make monthly repayments to repay the loan. Your fixed income is
preserved! You can even make additional income with the suite
that you build by using the cash to build your suite from your
Canada reverse mortgage.
Sometimes you may feel like helping with
the education needs and expenses of a loved one? Post secondary,
or trade school for a child or grandchild. Where is the money
going to come from? You could borrow it with a home equity loan
from a bank? I mean, we are in the mortgage business so you would
think a mortgage consultant would tell you to do this. But Gregory
Stanley will not. He will see if it is first in your best interest
to make that decision or not. You see, with a Canada home equity
loan or a Canada mortgage you have monthly loan payments to make.
This is not fun when you live on a fixed income! But with a Canada
reverse mortgage you get the cash you need to make a gift to a
child or grandchild and you have NO monthly repayments to make.
Your fixed income is not affected. And that cashflow saving is
important to a senior!
Need to buy a new car? Don’t want
an expensive car payment in your life? Then you should consider
using a Canada reverse mortgage. No payments! You get a new car
… you get to continue living in your house … and no
repayments. It is that simple to enjoy.
Maybe you need cash to make an investment
or buy another property. A Canada reverse mortgage will give you
the cash to do this. Again, no monthly repayments are necessary.
It could mean the difference of buying a condo ‘near the
kids’ or have a vacation property that everyone in the family
can meet and enjoy together.
Before you make a decision please
speak to Gregory Stanley for friendly and expert advice. He will
help you make a decision that is in your best interest.
Call Gregory Stanley
Today 1 866 658-0493 or
Fill out the application today and we'll call you within 24 hours.
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