Get free help from an experienced Vancouver reverse mortgage professional. In this eBook we’ll cover:
1. The basics – what a Vancouver reverse mortgage is and how it works
Discover all the details you need to know about this crucial financial decision – including the pros and cons.
2. Myths regarding reverse mortgages and why they’re wrong
Many people are under the impression that they could lose their home with this mortgage solution. This is completely and utterly false.
We discuss the real advantages and disadvantages and refute myths like this one.
3. How a CHIP reverse mortgage compares to the alternatives
Like many other clients in Vancouver that we handle, you are probably thinking about alternative options. The most common one is a Home Equity Line of Credit (HELOC), so we’ll take a look at how the two differ.
You’ve put in many hours of hard work. Now let us take over.
We know your time is valuable, which is why we want to help you save it and allow us to do the research for you. In our eBook, learn the inside reverse mortgage facts that you won’t find anywhere else.
We must have handled hundreds of cases just like yours as part of Dominion Lending Centres Edge Financial, a highly ranked and award winning mortgage company. We’re confident we can help you, too.
Leave the tough stuff to the experts
Our suggestions and assistance come at no cost to you. We want nothing more than to relieve your stress and make sure your financial concerns are taken care of.
Don’t worry. We can take it from here.
Your Leading Resource for Vancouver Reverse Mortgage Information
Our Reverse Mortgage Pros are licensed with Dominion Lending Centres Edge Financial – an award-winning mortgage brokerage – so you can rely on us to bring you the best independent and unbiased guidance for all your mortgage needs.
Why we launched this website
This popular financial solution is gaining popularity with Vancouver homeowners over the age of 55.
However, we discovered that the information available was confusing and often inaccurate.
Home owners were being put off of investing in the product by myths such as the all-too-common “you will lose your home.”
We created this website to assist individuals like you in Vancouver with learning more about the mortgages and how they work from an objective source.
In fact, we don’t just work with clients from Vancouver, but home owners all across Canada. See this article for more: when a reverse mortgage isn’t right for you.
What’s the cause of all the confusion about this mortgage in Vancouver and Canada?
We were surprised to realize how much false information was being spread on the internet.
It tends to come from the U.S.A. where the service have been given a bad name due to some unethical practices on the part of lenders.
It’s similar to standard home mortgages. Where the United States market was more aggressive and caused the worldwide financial crisis of 2008, the Canadian economy did not suffer as much because of our more conservative lenders.
Mortgage loans in Vancouver and in Canada are an entirely distinct item to those in the United States.
They’re safer, more secure, and ultimately better for you, the consumer.
The key differences between Canadian and American reverse mortgages
The first major difference between the Canadian and American product is that in Canada, your home is yours to keep – forever.
This was not always the case in the United States.
In reality, this option was created for people who wish to keep and reside in their home. If you don’t fall under that category, it may not be the best option for your situation.
Another major clause that Canadian reverse mortgages have that the American equivalent did not is the concept of a ‘ceiling’. That is, the amount you owe cannot exceed the value of your home.
Among the biggest concerns we get from Vancouver residents about this process is that they fear losing all the equity in their home. Discover how this is not the case in our complimentary eBook.
The third and final misconception we want to address is that no repayments are required. Know that you can make them if you wish, but they are not necessary.
To summarize, with the Canadian mortgage solution, you keep your home forever, you can keep your home equity and you are not obligated to make any payments.
Get our totally free eBook for Vancouver reverse mortgages and learn everything you absolutely must know
You might be thinking that it can’t possibly be that simple.
We understand, and we expect you to do your own research.
To help, we developed ‘The Ultimate Reverse Mortgage Guide’ which contains all the facts you need – including the drawbacks.
Among other things, we compare it to a Home Equity Line of Credit (HELOC).
Do yourself a favour and grab your copy of this comprehensive, completely free resource. Your time is valuable. This eBook is guaranteed to save you time and stress.
How to make this important financial decision
We advise anyone thinking about a financial solution involving a mortgage to not rush.
For a decision as essential as this, take your time and gather as many details as you can to make sure you understand precisely what is involved.
That’s why we produced this free eBook. It covers everything you need to understand regarding Vancouver reverse mortgages.
The guide is just the beginning, too. We offer complimentary, professional and unbiased advice regarding your options. You can rely on us to give you objective guidance as we don’t work for any of the banks or lenders.
Our suggestions for what to do next
Depending on your situation, there are three options for next steps:
1. If you are new to the concept and want to gain a more thorough understanding, get our free eBook.
For those who are aware of the basics but have some more in-depth questions, we’d be happy to answer them over e-mail or by phone.
3. If you have done your research and are interested in applying for a mortgage loan, you can fill out our quick assessment form.
An independent and impartial mortgage expert will look at the information you provide as well as your financial situation to help you decide if this loan would be the best option. With our free guide to a reverse mortgage in canada you can learn everything you need to know.
At this point, we’d like to say thank you for taking the time to read through this information. We hope it has been of use and that we can continue to help you via our free guide, assessment form, or by phone or email. All the best from the team at Reverse Mortgage Pros.