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PARENTS
LET YOUR CHILDREN INHERIT EARLIER
AND SAVE TAX.
TOP 5 BENEFITS OF A REVERSE MORTGAGE
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As housing prices went up substantially in most markets over the past 20 to 30 years, and your mortgage got paid off, the equity in your home became a valuable resource. In the past many families waited until the parents died before the children receive an inheritance. Today, as people are living longer and longer, and the housing market has become so inaccessible to younger people – parents see that the equity in their home can be used to help. A reverse mortgage can give you lump sum cash to give to your children for a down payment while it can give you a steady income stream. There are many ways of slicing the equity pie and Marci can give you all the facts and answer all your worrying questions. This financial move can be a true “life changing gift” for your children.
“I never learn anything talking.
I only learn things when I ask questions.”
Lou Holtz
THE REVERSE MORTGAGE LANDSCAPE
In the mortgage landscape, reverse mortgages are the largest growing segment in the Canadian mortgage landscape. And for good reason. With rising inflation and housing costs many younger Canadians have been priced out of the market. Consequently, mom and dad have been stepping in to fill the financial gap.
Parents want their children to have a home they will eventually own but getting into the housing market has become increasingly difficult. Qualifying for the down payment, getting a mortgage they can afford, in a neighbourhood near their families can almost be the impossible dream.
REVERSE MORTGAGE FACTS
- No monthly payments are required. It is payment optional mortgage.
- Reverse mortgages are non-income qualifying and are home equity based.
- Borrower age determines maximum loan amount. Funds can be taken as income stream or a lump sum or as a combination.
- There is a guarantee of no negative equity from the lenders offering the product.
- Rates are better than pure equity, private lenders and renewable on a term-by-term basis without future qualification.
- Any unpaid interest is added to the balance of the mortgage.
- Mortgage is paid out upon sale or death or moving to care facility.
- Once the mortgage is registered the borrower can apply to defer property taxes.
MARCI WILL HELP YOU HELP YOUR KIDS.
ASK MARCI AND RECEIVE … A SOLUTION THAT MAKES SENSE!
- Financial empowerment for your children.
- Trusted, expert advice.
- A personalized custom solution for you and your children.
- Less financial stress every month for the whole family.
- The money is tax free to parents and children.
Get in Touch
Get in touch with me however you feel comfortable. I will answer your questions and provide you with counsel, all without any pressure.
Choose a Custom Solution
Once we work through your financial situation, I'll outline all your options and show you how to use your home equity as part of a financial strategy to enhance your lifestyle!
Enhance Your Life
With a new plan in place, I'll work through all the details with you. Get your home equity working for you. I'll always be there if you have any questions in the future!
