Here’s a taste of what’s included in the most comprehensive guide to Ontario reverse mortgages:
1. Precisely how Ontario reverse mortgages work
The process can seem complicated, but we break them down and give you both the good and the bad.
2. We put the myths to rest
Did you know that with the CHIP reverse mortgage solution you will forever own your home? Despite what you may have heard, this is true in all cases.
In our eBook, we’ll discuss the true reverse mortgage pitfalls, correcting false claims you’ve likely come across.
3. Compare and contrast a CHIP reverse mortgage to the alternatives
You want to be sure that whatever choice you make is the right one for you and your family. That’s why we compare this mortgage solution to another, the Home Equity Line of Credit (HELOC).
Our entire service is 100% free. We’ve done the research and we’re ready to reveal the facts to you.
Don’t inconvenience yourself by running around to the banks looking for answers. Our free options guide has all the information you need.
This resource was written by a fully licensed Ontario mortgage broker.
As part of Dominion Lending Centres – Canada’s #1 mortgage company – we are the #1 mortgage professional in the country as far as a reverse mortgage in Canada is concerned.
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Sifting through article after article and phoning broker after broker is a recipe for burnout. Let us do the hard work for you.
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Why We Began This Service
Mortgage solutions such as this one are gaining popularity among home owners over 55 in Ontario.
However, we find that many people are puzzled by the product due to an excess of inaccurate claims circulating online.
This is the reason we launched the Reverse Mortgage Pros website: to help confused and worried Canadians with their choices.
In fact, we help not only Ontarians but Canadians all across the country.
Where do all these false claims come from?
As we touched on earlier, there is a great deal of inaccurate information surrounding the process.
The offender for these false declarations is the U.S.A, where this product has a much worse reputation due to some questionable practices.
However, as with standard mortgages, Canada has a much safer and more conservative set of lenders offering mortgage loans.
You’ll recall that American banks needed bailing out as a direct result of their unethical lending practices. Canadian banks did not and consequently Canadians suffered much less during the economic crisis of 2008. Rest assured that you and your home are protected here.
The top 3 distinctions between Canadian and American mortgage loans
Let’s start by clearing up the myth that you could lose your home. This is true in some cases in the United States, but Canadians are protected from such a thing ever happening. You will not, under any circumstances, lose your home.
In Canada, including Ontario reverse mortgages are lawfully safeguarded against this happening and it is included in the legal documents you will sign.
The next major distinction is that the Canadian product restricts the amount you can owe so that you can never ever owe more than what your house is valued at.
We hear from lots of concerned home owners wondering if they’ll lose their equity. The fact of the matter is that 99% of Canadian reverse mortgage holders have had equity leftover in their home when the their agreement was discharged.
The final misconception we want to cover is that no regular payments are required – ever. You can go ahead and make voluntary payments, but they’re not necessary..
To review, with this Canadian mortgage solution, you always keep your home, you usually you’re your home equity, and no regular payments are needed.
Ready to download our complimentary guide?
We know you still might not be totally convinced that this financial solution is as great as it sounds. That’s why we strongly suggest you download our free eBook.
We call it the ‘Ultimate Reverse Mortgage eBook’ because we go over absolutely everything you need to make an informed decision – drawbacks included.
Contained within is also a contrast between this solutions and a Home Equity Line of Credit solution, as most Ontario homeowners we speak with are usually considering these two options.
The guide is entirely complimentary, as is our entire mortgage service. What we want most is to help you find the solution that’s best for you.
So, what are you waiting for? Get your copy now!
How to go about researching your options
First and most importantly, don’t rush. This is a big decision.
Our entire service is designed to make sure you have all the details you require, you are 100% satisfied, and that you feel no pressure to take all the time you need.
Starting with our guide, we are here to assist you throughout the process. As independent mortgage experts, not only is our guidance is completely complimentary, but we don’t work for the banks or any mortgage lenders, so we will not push you into something that isn’t right for you.
We strongly believe that our guidebook is the best place to start.
Recommended next steps
What your options are with Ontario reverse mortgages depends on what point you are at:
1. For those still grappling with the basics of the process and how it works, start with our eBook.
2. If you have questions about the product, you can contact us by email for further information: email@example.com.
3 If you think a reverse mortgage is the right solution for you but you’d like a professional to confirm, take our free assessment – you’ll be done in just 90 seconds!
Our options evaluation includes an impartial and certified mortgage expert examining your case and offering you unbiased recommendations regarding the best path to take, including any reverse mortgage costs and fees you need to be aware of.
At this point we’d like to say thank you for taking the time to get better acquainted with the service via the information we’ve provided. All of us at Reverse Mortgage Pros hope that our resources will help you make the right choice for your home.