You’ve built a home. Let’s talk about your options.

If you’re exploring a reverse mortgage, we can take the time to understand how it works, what it costs and what else might fit.

Let’s talk it through

How it works

Products are generally designed for homeowners aged 55 or older, subject to lender eligibility, property and location requirements. The amount available depends on the product and the borrowers’ circumstances.

Understand the growing balance

Where regular principal and interest payments are not required, interest is added to the balance. This reduces remaining equity over time. Property taxes, insurance and maintenance obligations continue.

Review repayment events

Sale, moving out, the death of the last borrower or other contract events can trigger repayment. Read the actual agreement for default provisions, estate timelines and prepayment charges.

Compare alternatives and get advice

Downsizing, conventional financing, a secured line of credit or family arrangements may offer alternatives. Ontario requires the prescribed lawyer’s written statement confirming independent legal advice before a brokerage arranges a reverse mortgage.

You don’t need all the answers before we talk.

Tell me a little about what you have in mind. We’ll take it from there.

Get in touch

Let’s start with a conversation.

A question is a good place to begin. Call, text or email whenever you’re ready.

705-706-1841
info@homesinmuskoka.ca

Based in Bracebridge, Muskoka. Working with clients throughout Ontario.

Privacy & website use · Contact

Kandice Moore | Mortgage Agent Level 1 | Ontario | BRX Mortgage Inc. | FSRA #13463

Financing is subject to lender approval, eligibility and terms. Calculator results are estimates. No rate or approval is guaranteed. Mortgage services are offered through the brokerage within Ontario Mortgage Agent Level 1 permissions. Business financing arrangements and any referral fees must be confirmed and disclosed separately.