Here’s the truth: with a Canadian Reverse Mortgage, your kids have clear options. If you pass away, they can choose to **keep the home** by either paying off the reverse mortgage in cash or taking out a traditional mortgage.
If they’d rather not keep the property, they can **sell the home, pay off the reverse mortgage, and keep the rest of the sale proceeds. In short, the home remains in their control.
Myth rating: Absolutely FALSE! Canadian Reverse Mortgages give your family flexibility, not limitations.
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!
Alexander Gasenko - your trusted Toronto & GTA mortgage broker. Dominion Lending Centres Maple Mortgage Group Independently Owned & Operated — FSRA# 13415