Help from a knowledgeable Manitoba reverse mortgage expert at no cost to you – in this free guide we’ll explain:
1. The context and history of Manitoba reverse mortgages
Not just the good side but also the reverse mortgage pitfalls. We’ll break them down for you, clearly outlining the good and the bad.
2. The myths surrounding this financial solution and why they are false.
A perfect example of this is that many individuals have been led to believe that they could lose their home. This is completely untrue.
In our guide we cover the facts and put these sort of myths to rest.
3. What the benefits and drawbacks are compared to other options
Like many other clients in Manitoba that we handle, you’ve likely given some thought to alternative options like a home equity line of credit (HELOC). We compare the two to give you an idea of which one would suit you better.
This service is completely free. We provide all the information and independent and impartial recommendations for your Manitoba reverse mortgage solution.
Our goal is to save you time going from bank to bank and loan provider to lender. Let us do the hard work for you.
We must have handled hundreds of situations with customers seeking loans against their home as part of top-rated Dominion Lending Centres Edge Financial. You’re in good hands.
We remove the stress out of finding the very best Manitoba reverse mortgage option for your home.
Our complimentary assistance will ensure your financial issues are taken care of.
Don’t worry. We’ve got you covered.
Get The Finest Reverse Mortgage Advice For Manitoba
Our team is licensed with Dominion Lending Centres Edge Financial – an award-winning mortgage brokerage – trusted to bring you unbiased recommendations and accurate info.
Why We Released This Free Guide
This financial solution is becoming very common for people over 55 in Manitoba who have substantial net worth locked up in their home.
However, many others are frightened by the concept as they find the mortgage process complicated.
It’s not hard to see why. A quick Google search will bring up heaps of articles on the topic, but many such articles promote false information.
That’s why we launched Reverse Mortgage Pros: to assist residents of Manitoba in their decision to apply for a this mortgage or seek alternative options.
Our experts not only assist residents of Manitoba, but Canadians from coast to coast.
Why is there so much misinformation on the subject in Manitoba and Canada?
Something that surprised us was just how much false information was circulating online.
The offender for these false statements is the U.S.A, where the process has gained a poor reputation due to unethical practices.
Canada, on the other hand, has a much more secure and more conservative set of lenders.
This option in Manitoba and in Canada are a totally distinct product to those from the United States.
Like normal residential mortgages, Canadian mortgage loans are better protected and less dangerous. However, there is a downside – see our article on the disadvantages of a reverse mortgage.
The difference between the US and Canada
Depending on what you’ve read, you might be under the impression that this option is risky because you could lose your home. This is not true of the Canadian market. You will not lose your home under any circumstances.
Reverse mortgages are intended for people who wish to keep and live in their home. If this is not the case for you then this may not be the best solution.
In the U.S.A., however, this was not the case and some individuals did wind up losing their homes.
Another major difference between the two countries is that Canadian reverse mortgages limit the balance you can owe such that you can never owe more than the value of your home.
Maintaining your home equity is of huge importance to Manitoba homeowners we speak to considering this mortgage solution. In our free guide, we show you specific information regarding home equity as well as providing calculations.
Finally, it is not required that you make monthly payments if you choose this product. You can make voluntary payments if you wish, but it is not mandatory.
To summarise, the three key things to remember about a Manitoba reverse mortgage are: your house will always belong to you, you can keep your equity in your home under most scenarios, and no repayments are necessary.
Download our 100% free guide for Manitoba reverse mortgages and discover absolutely everything you need to know
It really is that easy.
Our download is the most comprehensive resource available at no cost to you.
We provide all the vital information including scenarios where a this solution may not be the best option for your situation.
We also compare it to the alternatives and lay out the pros and cons of each.
Really, there’s no reason not to grab your copy of the eBook! It, along with our whole mortgage service, is completely free because our number one goal is to help you.
Everything you have to know about Manitoba reverse mortgages is to be found inside. We left no stone unturned.
Gathering info to make your Manitoba reverse mortgage choice
We advise anybody considering this choice to take as much time as they need.
With a choice as important as this, go slowly and gather as much knowledge as you can to make an informed decision when the time comes.
Do not rush and read our free download from cover to cover.
The guide is simply the beginning. We offer free, professional and unbiased assistance and guidance regarding your decision. We don’t work for the bank or any mortgage providers.
All of it starts with our complimentary eBook. Get it now and get informed!
Recommended next steps for your mortgage journey
Your course of action will be decided by where you are currently at in the process:
1. If you are unacquainted with the concept of this approach, download our free eBook.
For those who are aware of the basics but have some advanced reverse mortgages issues, please reach out to us by e-mail or phone.
3. If you are considering this financial solution, your first step should be to fill out our quick and easy form for this process – just hit ‘Free Assessment’ at the top of this page.
Our free evaluation consists of an impartial and certified mortgage expert looking over your case and offering you recommendations as to the best options available to you.
We hope this post has given you a solid base from which to further your knowledge on this unique mortgage solution. For any questions or concerns regarding reverse mortgages, do not hesitate to contact us.