You don't need to downsize to retire - intro to reverse mortgages
Did you know there's a way to tap into your home's equity WITHOUT selling or downsizing? Say hello to REVERSE MORTGAGES! This powerful financial tool is designed for homeowners aged 55 and older, providing a way to access the wealth built up in your home while still living there!
Here's how it works:
A reverse mortgage allows you to convert a portion of your home equity into cash.
No monthly payments are required, and the loan is repaid only when you sell or no longer live in the home.
The funds can be used for various purposes such as supplementing retirement income, home renovations, or helping your children with their down payments
Alexander Gasenko, Mortgage Broker DLC Maple Mortgage Group, Lic #13415