Complimentary assistance from an experienced Nova Scotia reverse mortgage professional – in this free guide we’ll show you:
1. What a reverse mortgage is and how it works
This option can appear complex. We break it down and give you all the details you need, both favourable and unfavourable.
2. The leading misconceptions about Nova Scotia reverse mortgages
There are heaps of rumours and misunderstandings regarding the mortgage process. For instance, many people believe that they might lose their house. This is, quite simply, false.
Learn the real benefits, as well as the drawbacks, of a chip reverse mortgage .
3.What about the other options?
You want to be absolutely sure that you’re making the right choice. The most common alternative is a Home Equity Line Of Credit (HELOC). We reveal to you exactly how a the two options compare. We go through absolutely everything you need to know regarding reverse mortgages canada .
Our service is totally free. We offer all the help you could possibly need for your Nova Scotia reverse mortgage decision.
Rather than wasting hours inquiring at various financial institutions in Nova Scotia, let us do the hard work.
As part of award-winning brokerage Dominion Lending Centres Edge Financial, we’ve dealt with our fair share of customers in your shoes.
Put your financial stress aside. We can take it from here.
With our free professional suggestions, we’ll make certain that whatever you choose is the option decision for you and your family.
Don’t worry about a thing. Leave it in our hands.
Your Top Resource for Nova Scotia Reverse Mortgage Advice
We are a part of Dominion Lending Centres Edge Financial, an award-winning mortgage brokerage intent on bringing you independent and unbiased suggestions.
Why we launched this free help service
Reverse mortgages are becoming increasingly common for Nova Scotians over 55 who have considerable net worth locked up in their house.
But they can be a headache.
With all the false information circulating around the web, it’s no wonder home owners are confused.
That’s why we introduced Reverse Mortgage Pros: to help Nova Scotians decide if this financial option is the correct choice for them.
We serve clients not only in Nova Scotia, but all across Canada.
Addressing the falsehoods surrounding Nova Scotia reverse mortgages
We were shocked to see just how much false information was readily available online.
Most of it comes from the U.S.A. where unethical practices in the residential mortgage market in turn gave a very convenient option a bad name.
However, Canada has a much safer and more conservative set of lenders compared with the U.S.A.
The product in Canada and Nova Scotia is vastly different from the American product.
Like standard home mortgages, Canadian reverse mortgages are far better secured and less risky.
What are the main difference between Canadian and American stipulations?
Let’s start with the three big ones.Firstly, with the Canadian solution, you cannot, under any circumstances, lose your home.
In fact, the product is designed for people who wish to keep and live in their house. If this doesn’t sound like something you’re interested in, this may not be the best option for you.
The same rule does not necessarily apply to the American product.
Secondly, you can never ever owe more than your house is valued at.
One of the more common complaints we get from Nova Scotia home owners is that investing in a reverse mortgage means they’ll lose equity in their home. In fact, in almost all cases, home owners retain some equity. Learn more in our free eBook.
The final thing to be aware of is that you are not required to make any payments on this mortgage loan in Nova Scotia. Nevertheless, you can make voluntary repayments if you wish.
To sum up the three essential components of this solution, you will never lose your home, most scenarios will allow you to keep your home equity, no repayments are ever required.
Download our complimentary guide for Nova Scotia reverse mortgages and discover everything you need to know
By now you might be wondering whether all the benefits we’ve outlined are actually true.
We don’t expect you to make any major decisions before doing your own research, so we suggest having a look at our complimentary guide as a starting point and going from there.
This will give you all the info you require, making it clear whether or not this is a good fit for you.
What you’ll find inside is a more in-depth explanation of what we’ve covered here, including a contrast of this form of mortgage loans to a Home Equity Line Of Credit (HELOC) – see our article reverse mortgage vs heloc for more on this.
If you’re seriously considering investing in this mortgage solution, do consider giving our guide a read – it’s totally free, so you have nothing to lose.
Everything you need to find out about Nova Scotia reverse mortgages is included within. We’ve covered it all.
How to make your Nova Scotia reverse mortgage decision
First of all, don’t rush into anything.
For a decision as essential as this, take your time and collect as many details as you can to make sure you understand exactly what is involved.
As there is no rush, take the time to read our complimentary download and learn whether or not a beginning this process is the best financial decision for you prior to going further.
And always remember that you can contact us anytime you like with any questions you have – this complimentary guide is simply one part of our expert reverse mortgage help and service. As independent and objective mortgage agents, we do not work for any of the lenders and can provide you with the real advice you need.
What to do next
You have a number of options regarding next steps:
If you are reasonably new to the concept, download our totally free guide.
If you have a basic understanding of the process but need some clarification, contact us via email.
Lastly, for those who have already done their research and are ready to go further, you can fill out our quick reverse mortgage assessment form.
Let our certified mortgage professional evaluate you based on the information you provide and determine whether a this convenient financial solution is right for you.
We hope after reading this you’re equipped with the tools to make this important financial decision. Our eBook is an invaluable resource that we’re confident will address your concerns and set you on the right path for your Nova Scotia home.