How to provide a tax-free gift to your children with a Reverse Mortgage.By Scott WestlakeFebruary 17, 20230 comments#reversemortgage #CHIPmortgage #EQBmortgage #nomortgagepayment #seniormortgage The current economic situation in Canada may pose challenges for young people, who are facing uncertainty with high interest rates and inflation, as they try to establish their careers, consider home ownership or starting a family. As a parent, you may be concerned about how to support ...Read more...
Why Now Might Be A Good Time To Consider A Reverse MortgageBy Scott WestlakeJanuary 10, 20230 comments#reversemortgage #CHIPmortgage #EQBmortgage #nomortgagepayment #seniormortgage A reverse mortgage can provide a number of benefits for senior homeowners. These loans allow homeowners who are 55 or older to tap into the equity they have built up in their home, without having to sell their property or make monthly mortgage payments. Instead, the loan is repaid ...Read more...
Reverse Mortgage Oakville & GTABy Scott WestlakeFebruary 5, 20191 comments#reversemortgage #reversemortgageoakville #oakvillereversemortgage #thewestlaketeam #twt #scottwestlake #reversemortgagegta #CHIP #chipmortgage #patch #pathmortgage 1. What is a Reverse Mortgage 2. Eligibility for Reverse Mortgage 3. Qualifying for a Reverse Mortgage 4. Repaying the money you borrow 5. Cost to get a Reverse Mortgage 6. ...Answer1. A reverse mortgage is solution for home owners 55 years and older that want to access equity from their home without having to sell it. For clients that may not have the income to qualify from ...Read more...