Posted On Nov 24, 2022

Is there a TYPICAL REVERSE MORTGAGE CLIENT?

NO! The only thing most have in common is that they own their home and are 55 years of age or older.

 

A reverse mortgage client in Canada is single – married – has a large family – has no children- is going through a gray divorce.

 

They become a Reverse Mortgage client:

a. To liquidate cash from their home and invest in other assets.

b. To get cash (tax free) from their equity and payoff most or all their debts

c. To get cash (tax free) from their equity to do the travelling they always dreamed of.

d. To get cash (tax free) from their equity to prepare for Aging In Their Home by renovating to meet ther future needs.

e. Etc. Etc.

 

Most clients are physically and socially active, volunteer or some continue to work to keep their rain and body active.

 

Most clients love their home and do not want to move and leave those wonderful memories and friends behind. Most clients also know what a Black and White TV looks like and can remember Car 54, Howdy Doody, and Ed Sullivan.

 

In case you thought you were not a typical client I trust this shows that a Reverse Mortgage can be utilized by anyone that chooses to go that way – for whatever reason THEY decide.

 

“Knowledge is Power” so don’t just listen to what your neighbour says, do some research on your own. To help you in that regard, If you would like to get a free preview to - “Home Run, The Reverse Mortgage ADVANTAGE” just go to www.reversemortgagesincanada.com to download a copy of the introductory e-Book.

 

If you have any other questions or would just like to discuss a Reverse Mortgage in Canada please feel free to contact me :

neil@mortgageman.ca or by phone at 250-861-8758.

 

I will let you know if this product is best for you at this time.