You Most Likely Won’t Discover A More Detailed Guide On BC Reverse Mortgages, Here Is Just Some Of Exactly What Is Inside:
1. The Background And History For BC Reverse Mortgages
Learn all the info you need to know about regarding this important financial choice – also including the advantages and disadvantages of a reverse mortgage.
2. We Put To Bed All The False Information Out There On BC Reverse Mortgages
There are great deals of rumours and misunderstandings about reverse mortgages – for example numerous individuals think that they could lose their home and simply put this is completely incorrect.
That’s why we put all the incorrect details like this to bed. And we reveal to you all the important things you require to know – both the positive and the negative.
3. See How A Reverse Mortgage Stacks Up Against The Other Options
If you are not simply thinking about a CHIP reverse mortgage, you will wish to know how it compares to the other alternatives out there. That’s why we contrast a reverse mortgage to a Home Equity Line Of Credit (HELOC) – which is the most typical other option that individuals think about versus a reverse mortgage.
You Have Worked For Many Years. Now Let A Professional Do The Difficult Work For You.
We aim to save you hours going from BC bank to bank and lender to loan provider – we will do all this research for you. All part of our free reverse mortgage information pack.
We must have dealt with hundreds of reverse mortgage customers as part of Dominion Lending Centres Edge Financial – highly rated and award winning mortgage brokerage.
Finding The Best BC Reverse Mortgage Option For You Doesn’t Have To Be Demanding Or Difficult
Getting our totally free recommendations and aid will actually take away any fears or stress you have and ensure that your financial concerns are cared for.
Take most of the stress off. We can help you from this point.
Your Top Resource For BC Reverse Mortgage Details
Our Background – Why Our Experts Do Exactly what We Do
Many individuals over 55 in BC have actually considered a reverse mortgage eventually.
Nevertheless, we found that info on reverse mortgages was lacking and individuals found them confusing.
In addition to this, we also found that folks avoided reverse mortgages due to completely false lies such as ‘you will lose your house’.
This is the reason that we launched the Reverse Mortgage Pros website – to assist confused and worried Canadians with their reverse mortgage decision.
And we don’t only work with BC homeowners – but also property owners all throughout Canada.
Why Does There Exist A Bunch Of Confusion On Reverse Mortgages in BC And Canada?
It is almost granted that during your research you are probably going to stumble upon some things that are simply completely incorrect surrounding reverse mortgages.
The majority of it originates from the U.S.A. where – like the domestic mortgage market – there were some questionable practices that caused this product to get a bad reputation.
This resembles normal home mortgages – where the United States market was more aggressive and this resulted in the global financial disaster of 2008 – while the Canadian economy did not get struck as bad.
Well, reverse mortgages are no different – the products in Canada and BC are entirely distinct in every manner to the U.S. mortgages.
Just like how Canadian lenders didn’t require bailed out, neither do Canadian reverse mortgage holders who are better safeguarded in Canada than in the U.S.
The Biggest 3 Significant Differences Between Canadian And American Reverse Mortgages
some fast points are that, firstly, you cannot lose your home under any circumstances for any reason whatsoever in Canada.
This is included in the legal reverse mortgage contract.
It was not necessarily always like this in the U.S.
Another significant protection that Canadian reverse mortgages have – that U.S. reverse mortgages did not – is that the reverse mortgage has a ‘cap’ – that is that the balance owed cannot exceed your house is worth.
Almost daily we hear concerns like this from BC home owners who question if they will lose the equity in their home. The truth of the matter is that 99% of Canadian reverse mortgage holders have had equity still in their home when the reverse mortgage was released.
The third and last greatest misconception we want to clear about reverse mortgages is that no regular payments are needed – ever. You could decide to make voluntary payments but only if you want to.
In summary – you cannot lose your house (ever), you can keep your home equity under a lot of circumstances – learn more about this in our eBook – and you never ever have to make any monthly payments.
That Is Why You Have To Download Your Completely Free Reverse Mortgage Guide For BC Property Owners Above 55
Having read this, a great deal of folks might be believing that the old cliche applies and it cannot be this easy.
This download no doubt among the most extensive out there concerning reverse mortgages.
We call it the ‘Ultimate Reverse Mortgage eBook’ due to the fact that it consists of all the info you require – with also the drawbacks to reverse mortgages.
Yes, it also includes information about the benefits and drawbacks of a reverse mortgage, along with comparing them to a Home Equity Line Of Credit (HELOC).
Simply put, if you are considering taking out a reverse mortgage for your BC house, then you must read this prior to making your choice.
Part of our totally free service, grab your eBook today and impartial free guidance relating to reverse mortgages.
Get all the facts and crucial details before your decision whether or not a reverse mortgage is the right choice for you – download your free eBook right now.
The Actions You Must Follow In Deciding On A Reverse Mortgage
To start with you must not rush into anything relating to a reverse mortgage.
This is an extremely crucial choice – so don’t hurry it and take the time to research and gather details. However beware of false or inaccurate information out there.
As there is no rush concerning this make the effort to read our complimentary eBook and learn whether or not a reverse mortgage is the ideal financial decision for you prior to you go any further.
We are here to help and guide you through this decision at each step and as objective mortgage experts, not only our suggestions are completely complimentary however we do not work for the banks or any mortgage lenders – so we will not push you into something that isn’t really best for you.
All of it starts with our totally free guide – get it now to get the info you need concerning reverse mortgages.
Some Things To Contemplate
What your options are with reverse mortgages depends on which phase you are at:
1. If you are relatively new to reverse mortgages, get our complimentary guide.
2. If you have questions or issues concerning reverse mortgages, you can contact us by e-mail for more reverse mortgage information – at email@example.com.
Finally, for those people who already know about reverse mortgages and are ready to take the next step, you can go to our quick reverse mortgage form.
This is a completely totally free service we provide, where a certified mortgage agent and chartered accountant will examine the information you supply and recommend to you if a reverse mortgage is the ideal financial choice for you.
That concludes this information for now – we hope you enjoyed these details on BC reverse mortgages and we hope to help you further – either through our free download or a reverse mortgage assessment. Best of luck with everything!