Unlock Your Home's Equity: Reverse Mortgages
Financial Freedom for Homeowners 55+
At Shawn Mooney - Mortgage Architects, I offer specialized Reverse Mortgage solutions designed to help you access the wealth tied up in your home without the need to sell or move.
For many Canadians aged 55 and older, their home is their most valuable asset, yet their monthly cash flow may be limited. A reverse mortgage bridges this gap, providing tax-free funds to supplement retirement income, cover healthcare expenses, or simply fund a more comfortable lifestyle.
What is a Reverse Mortgage?
A reverse mortgage is a loan secured against your principal residence that allows you to access up to 55% of your home's value in tax-free cash.
Unlike a traditional mortgage or line of credit, you are not required to make any monthly payments for as long as you live in the home. The loan is only repaid when you decide to sell the property, move out permanently, or pass away. This provides immediate financial flexibility while allowing you to age in place.
Key Benefits
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No Monthly Payments: The defining feature of this product is cash flow relief. You are not required to pay a cent in principal or interest monthly, freeing up your pension income for living expenses.
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Maintain Ownership: You remain the owner of your home and keep the title. You are simply borrowing against your equity, just like any other mortgage.
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Tax-Free Funds: The money you receive is a loan, not income, meaning it is not taxable and does not affect Old Age Security (OAS) or Guaranteed Income Supplement (GIS) benefits.
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Flexible Access: You can choose to receive the funds as a one-time lump sum, a steady stream of monthly advances, or a combination of both.
Why Choose Shawn Mooney?
Reverse mortgages are niche products with specific qualification rules. You need a specialist who understands the nuances of the Canadian market.
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Expert Guidance: With over 20 years of experience, I take the time to explain the pros and cons clearly to you (and your family members, if desired) to ensure it is the right decision for your estate.
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Access to Top Lenders: I work directly with Canada's leading reverse mortgage providers to secure the best terms available.
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Mobile Service: I understand that mobility can sometimes be a challenge. I offer the convenience of coming to you, allowing us to discuss your options in the comfort and privacy of your own living room.
Quick Facts
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Free Consultation: We can discuss your eligibility and estimate how much equity you can access without any obligation.
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Lender-Paid Compensation: In most transactions, the lender pays my commission, meaning you receive expert advice at no direct cost.
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No Negative Equity Guarantee: In Canada, reverse mortgages come with a "No Negative Equity Guarantee," ensuring you will never owe more than the fair market value of your home at the time it is sold.
Contact Me Today
Ready to enjoy a more comfortable retirement?
Contact Shawn Mooney at Mortgage Architects to learn more about how a Reverse Mortgage can provide financial security and peace of mind. Let me guide you through the process with the care and respect you deserve.
