Get a Mortgage With No Monthly Payments
Government regulated loans available for homeowners over the age of 55.
Enjoy a stress free retirement living in your home.
SPEAK TO A MORTGAGE ADVISOR
1 (855) 999-3244Imagine Retirement Without Monthly Mortgage Payments!
Are you over the age of 55 and feeling concerned with rising interest rates and increasing monthly payments?
Are you feeling the pressure to pay your bills every month?
Thanks to these government regulated loans for seniors, it's possible to stop making monthly mortgage payments.
You can even include other high interest payments from credit cards, car loans and lines of credit into your no payment mortgage.
Imagine a comfortable retirement where you can live comfortably in your home with no pressure to sell your home or downsize.
How Does A No Payment Mortgage Work?
Under this government regulated program, Canadian banks are able to offer you no payment loans at competitive interest rates.
Your No Payment Mortgage amount will be determined by the value of your home and your age.
There are no minimum income or credit score requirements in order to be eligible for these No Payment Mortgages.
Pay off your No Payment Mortgage when you sell your home or move out.
You keep ownership of the home and will never owe more than the value of your home.
Who is Eligible for a No Payment Mortgage?
It's easy to qualify for these government regulated loans specially designed for seniors in Canada. There are only 2 key requirements:
All homeowners must be at least 55 years of age
You must have at least 50% equity in your home
If you're ready to eliminate your monthly mortgage payments, speak to one of our agents to get all the details.
Frequently Asked Questions
Find answers to common questions we receive.
In order to get a No Payment Mortgage, you must pay a setup fee to the lender, legal fees and an appraisal fee. Most of these fees can be included in your No Payment Mortgage. The typical out-of-pocket expense will be approximately $500. You do not pay us any fees for assisting you as we are paid by the lender under this government regulated program.
Contact us for more information about these fees.
Yes, you can get a No Payment Mortgage if you already have a mortgage. You will need to qualify for a large enough No Payment Mortgage in order to pay off your existing mortgage.
RetireBetter can still help you if you do not qualify for a large enough No Payment Mortgage to pay off your existing mortgage. Contact us to explore what options are available in these circumstances.
Your No Payment Mortgage amount will be determined by your home's value and your age. There are no limits to how big of a No Payment Mortgage you can qualify for.
Contact us to calculate your eligibility amount.
Get a free no-obligation consultation. Enter your details below and we'll get back to you as soon as we can.
Or Call Us: 1 (855) 999-3244