Here is just some of what you will discover from this complimentary download written by a professional on Calgary reverse mortgages:
1. The background and history of Calgary reverse mortgages
Learn everything you need to know about this crucial financial choice – drawbacks included.
2. The leading myths about Calgary reverse mortgages
The misconception we see most often is that people who opt for this solution could lose their home. This is absolutely incorrect.
That’s why we want to put this and other myths to rest. We’ll help you understand the good and bad by providing accurate information.
3. How a reverse mortgage compares to the alternatives
Chances are you’re considering multiple options to find the one best suited to your financial needs. That’s why we compare the mortgage to a home equity line of credit (HELOC), the most common alternative.
This service is totally free. We supply all the help and research for your Calgary reverse mortgage decision
Skip the headache of sifting through the endless (and often inaccurate) information available online. Download a copy of our reverse mortgage guide and discover everything you need to know.
We’ve dealt with hundreds of clients seeking mortgage loan advice as part of Dominion Lending Centres Edge Financial a top rated and award winning mortgage service. We’re confident we can help you.
Finding the perfect Calgary reverse mortgage solution for you does not need to be stressful.
With our totally free professional guidance, we’ll make sure that you make the best decision for you and your family. For example, we have dozens of other articles we have written to help – such as this one concerning reverse mortgage penalties
Relax and unwind. Let us take care of everything.
Get The Best Reverse Mortgage Recommendations For Calgary
Our story: Why our professionals do what we do
Reverse mortgages are rising in popularity with individuals over 55 in Calgary who have substantial net worth tied up in their house.
As popular as they are now, many homeowners are scared off from this option as they find them too complex.
Furthermore, the information available – much of it erroneous – seems to be never-ending. This only leads to more confusion.
That’s the reason for our Reverse Mortgage Pros site: to assist confused and worried Canadians with their decision, ensuring they understand all their options.
And we don’t just deal with Calgarians, but homeowners across Canada.
Why is there so much confusion in Calgary and Canada over this product?
This is because there is a great deal of incorrect information and poorly formed opinions out there about your mortgage loan options in Canada.
The perpetrator for these false declarations is the U.S.A, where this financial solution has a much worse reputation due to some questionable practices.
However, Canada is completely distinct. During the housing crisis of 2008, American banks required a bailout as a direct result of their mortgage lending practices. Canadian banks, which employed safer practices, did not.
It’s the same idea when it comes to reverse mortgages. The products in Canada and Calgary are different in every way to the US products. Similar to how Canadian banks didn’t need bailing out, neither do Canadian mortgage loan holders who are better secured in Canada than in the United States .
Three main distinctions between Canadian and American options
It’s impossible to lose your house due to your mortgage situation under Canadian law.
One of the primary benefits is that in Canada they are in fact legally protected against seizure and it is clearly outlined in the legal documents you will sign that the safeguard is in place.
In the United States market, mortgage loans were not secured like this and some people did lose their houses. No one has ever lost their home in Canada.
Secondly, you can never owe anymore than your house is worth.
Keeping your equity is a big concern for all Calgary property owners we speak with who are considering our product. We reveal to you specific information and numbers in our complimentary guide.
The final thing you should know is that you are not required to make regular payments through this option in Calgary. However, you can make voluntary payments if you choose.
To summarize, you cannot lose your house under any circumstances, in the vast majority of cases you can keep your home equity, and you are never required to make any monthly payments.
Download our complimentary eBook for Calgary reverse mortgages and learn everything you absolutely must know
We know this might sound too good to be true. Trust us when we say it’s that easy.
Start out by getting your copy of our free eBook, ‘The Ultimate Guide To Reverse Mortgages’.
We gave it this name because its exactly that: a guide containing absolutely everything you need to know about mortgage loans and your options here in Canada.
Inside, we compare this product to a home equity line of credit (HELOC), another option that Calgarians often consider.
We highly recommend downloading our complimentary guide to get the most reliable and accurate information regarding this important financial decision.
What to do next
We advise anyone considering taking this approach to take their time.
Our entire service is developed to make sure you have all the help you need, you are 100% satisfied, and that you have all the time you need.
Since there’s no rush, take the time to read our totally free guide and find out whether or not this service is the right financial choice for you prior to going any further.
The guide is just the beginning. We offer complimentary, professional and unbiased help and guidance regarding your choice. We don’t work for the bank or any mortgage lenders.
Distinct options for different stages in the process
You have a number of options concerning what exactly to do next:
1. To obtain fundamental information, download your free options guide using the button below.
If you know a bit about reverse mortgages but have questions, start a conversation with us via e-mail.
If you know that a this option presents an excellent solution for but you’d like to confirm this, go to our free solution evaluation form. You’ll be done in just 90 seconds:
This evaluation includes an independent and impartial mortgage specialist looking at your details and financial overview to recommend your best course of action.
We’ve just scratched the surface here, but we hope you found all these details helpful. Don’t forget to download your totally free copy of the reverse mortgage guide for an in-depth look at whether this option is right for your Calgary home.