What exactly is a Reverse Mortgage?

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).

Bob answers “What exactly is a Reverse Mortgage?”

Please take the time to watch Bob’s video on “What exactly is a Reverse Mortgage” as it is both entertaining and informative. We all know that our home is a place of security and comfort where we can put our slippers on and relax.
We are all UNIQUE in that we all decided we wanted to retire in comfort and be able to do all the things we wanted to do like Travel, have regular date nights in fine restaurants, or be able to help our children or grandchildren get set up in life so they had no worries. But then the uniqueness ended as we had too many children with demands on our finances, we made poor spending decisions, or we made great investments that backfired and left us with empty bank accounts. BUT we were taught the value of homeownership and as a result, we have saved wisely for our retirement. HOW? The equity n your home is the same as funds on deposit at a bank they can be withdrawn TAX-FREE and they can be withdrawn in a Lump Sum or on a monthly income, just like that old paycheque. And remember these funds are TAX-FREE!

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.