Myth #1: "With a reverse mortgage, you no longer own your home."
It’s a common misconception that taking a reverse mortgage means losing ownership. But in Canada, reverse mortgages are different and strictly regulated by the federal government! 🇨🇦
Here’s the REAL story: with a Canadian Reverse Mortgage, you **keep the title, ownership, and full control** of your home. As long as you pay property taxes and maintain the dwelling, it’s yours to keep.
Think of it as a traditional mortgage where you maintain ownership—and if you pay it off, it’s removed from the title.
Myth BUSTED: A reverse mortgage lets you access your home’s equity while keeping your home, so it’s still 100% YOURS!
For a limited time, I’m offering a FREE 30-min consultation to go over your mortgage options. DM me to schedule your 1-on-1 session!
Stay tuned for Myth #2!
Alexander Gasenko - your trusted Toronto & GTA mortgage broker. Dominion Lending Centres Maple Mortgage Group Independently Owned & Operated — FSRA# 13415