Reverse Mortgage in Calgary
Securing a mortgage loan can get pretty difficult once you reach a certain age. For senior citizens, some of the usual mortgage options become unavailable as there are certain age limits for particular financing solutions. Reverse mortgage is a loan type specifically designed for borrowers 62 years and above, helping the elderly achieve their financial goals with greater ease. Unlike other mortgage options, reverse mortgage converts part of your equity into cash.
Calgary Mortgage offers reverse mortgage in Calgary. Our reverse mortgage solution reverses the usual set-up for mortgages; instead of you, the borrower, making payments to the lender, the lender is the one that pays you, the borrower.
The best part is that you don’t need to pay off the payments until you sell your home or actually move out of it. Our Calgary reverse mortgage solutions allow borrowers to borrow money against the value of a home, without the need for any repayment of the mortgage itself. Our team will make sure you know exactly what the reverse mortgage option entails, and you know exactly how it will benefit you and your financial situation. Our team will help you reach your financial goals regardless of your age or what financial situation you are in.
At Calgary Mortgage, the reverse mortgage in Calgary that we offer is specifically designed to help senior citizens get money to borrow for their financial needs. We’ll make sure you get the right mortgage option that fits your specific financial needs.
Get in touch with our team today to learn more about our reverse mortgage options.