Over 55 and having stress keeping up with payments on outstanding debts?
Consider Reverse Mortgage debt relief to give you the retirement you worked so hard to get.
Recent reports have found consumer debt hitting new levels amid soaring inflation, reaching over $2. trillion over the last 12 months with reliance on credit cards rising by 17.5% in the first quarter of 2022. In an effort to control rising prices, the Bank of Canada hiked interest rates by half a percent to 1.5% and economists expect a similar jump next month, and possibly further increases to come as well.
Many Canadians are turning to debt to cover their expenses but find that their standard of living still goes downward.
Reverse Mortgage debt relief in a timely way to provide relief for Canadians 55+.
Why consider debt consolidation?
With increasing pressures on Canadians, with inflation increases borrowing money has become a means of keeping up with ongoing expenses whether it’s credit cards to cover monthly bills or a line of credit for a major purchase or unexpected expense. I always tell my clients they cannot borrow their way out of debt – they might have a lower payment but often that means continuing to borrow, thinking you are getting ahead. They soon find that managing debt from multiple sources with varying interest rates, due dates and payment methods can be stressful. This is more critical and stressful for seniors in their retirement years – without a steady income stream.
Juggling various Credit vehicles means keeping up can simply become overwhelming. Debt consolidation has become a popular strategy in lessening the demands by rolling multiple high-interest debts into a single sum with lower interest and reduced minimum payments, which makes paying down the debt more efficient and manageable. While debt consolidation is a great way to help you get out of debt faster while protecting your credit score, there are so many different debt consolidation solutions available it’s difficult to decide on the best option – and that’s where a knowledgeable mortgage broker can make all the difference.
This is when a Reverse Mortgage Debt Relief can give you a great advantage
For various reasons, many Canadians were retiring in debt. This caused many people to delay retirement or even “unretire” and find extra job opportunities to try to maintain a lifestyle they once enjoyed. Reverse Mortgage debt relief has proven to be an excellent tool for managing and consolidating of debt for clients who qualify. There are MANY MYTHS about a Reverse Mortgage In Canada and I would be pleased to clear the fog for you.
Reverse Mortgage debt relief helps you achieve peace of mind and make the most out of your golden years. It minimizes accumulating debt, reduces financial stress and increases disposable income – all without having to make any monthly mortgage payments or sell the home you love.