60 years old or plus? Enjoy your freedom alongside your pension…
You can enjoy a fuller life with a reverse mortgage. Terry Kilakos and his team can show you how to use your home equity to realize your dreams and projects in this phase of your life. A reverse mortgage provides an easy way to turn your property value into cash to indulge yourself after a lifetime of hard work or to cope with unplanned expenses.
What is a reverse mortgage?
A reverse mortgage makes payments to you instead of the reverse, where you make regular payments to a traditional mortgage. So long as you live in your house, you do not need to make payments. Your estate is well protected since ownership remains in your name. The reimbursement amount is guaranteed and will never exceed your home market value.
Up to 55% of the value of your home can be paid out to you tax-free. You can use this money to make your dreams and projects come true:
- Additional income for spending
- Home improvement
- Luxury car or dream boat
- Holiday home (cottage, villa or condo)
- Any other project your heart desires!
Go spoil yourself and have fun!