Is Reverse Mortgage the right answer for you?
If you’re a senior homeowner, you may be wondering about a financially secure retirement, and if your home can help you get there. With a reverse mortgage, this may be possible!
Reverse mortgages, also referred to as an Equity Release, help you convert a fraction of home equity into a source of income. This income is tax-free and doesn’t require repayment until you move out of or sell your property. The experts at Anava Financing can determine whether you qualify for a reverse mortgage and help you through the complete process.
Your dream home is now within your reach
Let us help you buy the home you’ve always wanted. Our expert brokers will be in touch and guide you through the entire process.
Do you qualify for a reverse mortgage?
To qualify for a reverse mortgage your primary residence must be located in a major urban Canadian city. Your home must be an owner-occupied detached, semi-detached, condo, or townhouse property. The youngest applicant cannot be younger than 55 years, and has to have an established ability to pay annual property taxes, condo fees, and insurance.
Get in touch with us and we’ll be happy to answer any questions
you might have regarding Reverse Mortgages.
