What you need to know about Reverse Mortgages!

General Mohamed Mahmoud 6 Oct

Most programs are for 55 years and older

You can use it to purchase a home or pull out equity from an existing home

You don’t need to make Mortgage payments, so your qualification chances are increased!

You will continue to own your home

You will not reach a point where you owe more than your home’s fair market value

Funds can be used to for:

– Income supplementation
– Gifted down payment for children buying a home
– Renovations
– Debt consolidation
– Personal use

For questions, feel free to reach out
647 901-7948
info@modomortgages.ca
Book a call

General Mohamed Mahmoud 5 Oct

Are you

Self-employed
More than 2 years in business
Have the Bank statements to prove your income

Looking for a Mortgage?

Let’s talk

647 901-7948
info@modomortgages.ca

Book a call