The Essence of Reverse Mortgages
Financial flexibility and security are crucial at every stage of life, especially as you mature. At Entrust Mortgage, we recognize your significant investment in your home.
A reverse mortgage offers a strategic solution, enabling you to tap into your home’s equity for financial stability and peace of mind, irrespective of your employment status.
A reverse mortgage is a unique financial tool for homeowners aged 55 and above. It allows you to convert part of your home equity into cash without selling your beloved home.
This option is perfect for augmenting your income, financing home improvements, or ensuring a comfortable lifestyle, whether you’re retired or not.
The loan amount is determined as a percentage of your home’s appraised value and varies based on your age and the type of property you own.
Generally, the older you are, the more you can borrow.
Understanding that every client’s situation is distinct, we offer customized consultations to meet your unique needs.
From the first meeting to completing the transaction and beyond, our commitment is to provide you with continuous support and guidance.
Our deep understanding of the Chilliwack real estate market ensures you receive reliable and expert advice, empowering you to make well-informed decisions about your reverse mortgage.
A reverse mortgage is a loan for homeowners aged 55 or older that allows them to convert part of their home equity into cash without selling their home.
No, there are no monthly repayments required. The loan is repaid when the home is sold or upon the borrower’s passing.
Yes, it can reduce the home equity that would be part of your estate, potentially affecting the inheritance for your heirs.
A mortgage can do a lot. Purchase a home, a commercial property, a rental for income, debt restructuring, retirement planning – there are many things a mortgage can help with. We help you get the right one, that fits your goals.