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).

typical reverse mortgage clientNO! The only thing most have in common is that they own their home and are 55 years of age or older.

A typical reverse mortgage client in Canada is single – married – has a large family – has no children- is going through a gray divorce.

They become a typical Reverse Mortgage client to:

a. To liquidate cash from their home and invest in other assets.
b. To get cash (tax-free) from their equity and pay off most or all their debts
c. To get cash (tax-free) from their equity to do the traveling they always dreamed of.
d. To get cash (tax-free) from their equity to prepare for Aging In Their Home by renovating to meet their future needs.
e. Etc. Etc.

Most typical reverse mortgage clients are physically and socially active, volunteer, or continue to work to keep their brains and body active.
Most clients love their homes and do not want to move and leave those wonderful memories and friends behind. Most clients also know what a Black and White TV looks like and can remember Car 54, Howdy Doody, and Ed Sullivan.

In case you thought you were not a typical client I trust this shows that a Reverse Mortgage can be utilized by anyone that chooses to go that way – for whatever reason THEY decide.

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.