BENEFITS OF REVERSE MORTGAGE

Here what Doris thinks about moving!

Turn your equity into cash

A reverse mortgage allows you to turn the equity of your home into cash.

Money when you need it

Receive your money the way that works best for you. One-time lump sum or monthly payments.

Tax-free source of income

Increase your income without impacting your Old-Age Security (OAS) or Guaranteed Income Supplement (GIS).

We all love to have a home where we can visit with our family, especially our grandchildren who are forever honest in their thoughts. Here’s what Doris thinks about moving!

We all love to have a home where we can visit with our family, especially our grandchildren who are forever honest in their thoughts. Like Doris, one of my favourite pastimes is visiting and playing with my grandchildren. And out of the “mouths of babe’s” comes complete and utter honesty. We must be on our toes, or we will find out that our bellies are too big, we can’t colour within the lines the way we used to and that backyard roller coasters include the grandparents. They also tell secrets they hear as their parents talk about age-appropriate activities and where they think we should spend our Golden Years. I think that Doris and I are alike in that we can’t remember the last time we played BINGO, but it was probably on a family vacation where all the prizes were extremely valuable, like Candy Floss and cookie jars. My parents told me years ago to make younger friends so that in your Golden years you will still have friends around. When we wintered in Texas for several years our Recreational Club had a music coordinator that told people they should come out for the entertainment unless they wanted to eat supper, put their pj’s on and get old. Those days have gone as being over 55, 65 or 75 is only as old as you feel and act and of course, if you can stay in your home and enjoy ongoing social gatherings, life is good.  And with the help of a Reverse Mortgage, you can continue to stay in your own home longer.

A Reverse Mortgage means “NO MONTHLY PAYMENTS” and can be designed to your unique specifications – you can take all your equity out at once TAX-FREE and use it to help family members, buy a new car, travel, or do whatever you wish. Or you can take a lump sum now and take a regular monthly advance to give you more financial freedom.

If you have any questions, please feel free to contact me for a FREE CONSULTATION. As we all know – “Knowledge is Power”, so get the facts from a Certified Reverse Mortgage Professional. I will take the time to make sure you understand the Pros and Cons of this product so you can make an informed decision as to what you want to do.

Neil “Mortgage-Man” McJannet         250-861-8758     email: [email protected]

This site provides further information and you can obtain a Free e-booklet on the Reverse Mortgage Advantage.

You can also call me direct at 250-861-8758

Neil “Mortgage-Man” McJannet

Neil was born and raised in Manitoba, Canada and as a result, is hardy in nature and does not give up until a deal is done. After graduating from Dakota Collegiate in Winnipeg in the mid 60’s he went to work at the TD Bank where he spent 28 years, with the last 10 years in their mortgage department in Toronto.