Help Family with a Higher Income
More Canadians aged 55 and above are helping their children and grandchildren with financial assistance than ever before.
Having extra funds in retirement could enable you to assist your family members with significant expenses and major purchases.
Your children or grandchildren will likely have challenges getting approved for a mortgage as property values increase.
With extra funds in retirement, you could help your family members with a larger down payment and a smaller mortgage.
Give your family an early inheritance without compromising your retirement.
Your family would likely benefit more if they could receive their inheritance sooner. Gift your family early—without compromising your retirement—so they can experience the benefits during your life.
RetireBetter.ca recognizes the desire of numerous Canadians aged 55 and above to support their family members with significant expenses and purchases. As a mortgage company with vast experience in Reverse Mortgages in Canada, we are fully equipped to assist you in obtaining the additional funds required to help your family.
Money for Family Homes
Money for Family Medical
Money for Family Purchases
Borrow up to 55% of home equity
On average, by borrowing against your home equity, you can unlock $200,000 or more.Get at quote
Unlike other financial products a Reverse Mortgage has no monthly payment.
With a Reverse Mortgage, you can access your home equity without needing monthly payments. This is a unique financial product where the interest incurred from borrowing is added to the principal, eliminating the need for payment.get a quote
What is the Home Equity Guarantee?
A reverse mortgage is a financial option exclusively available to Canadians aged 55 or above. It allows homeowners to access their home equity without the obligation to make monthly payments towards the principal and interest.
Highly beneficial for seniors
Seniors that possess significant wealth in their home but require additional cash flow during retirement are a perfect fit for a Reverse Mortgage.
Reverse Mortgages have undergone significant changes
Unfortunately, some individuals have misconceptions regarding reverse mortgages due to unscrupulous individuals who previously tarnished the product's reputation. However, reverse mortgages have undergone significant changes, and current versions have robust borrower protections. One such protection is the Home Equity Guarantee.
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