Reverse Mortgage Myths Busted! #1 of 5



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

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