Plan For Your Retirement
There is more than one reverse mortgage lender and product today, let us help you find the right one!
Answer A Few Questions
Answer a few questions and then chat with a broker about your future retirement goals and we’ll outline the best reverse mortgage options that suit your need.
Determine The Maximum Amount
We’ll then work closely with you and the lender to meet all of their conditions and provide you with the maximum loan amount.
Get Approved
From initial approval to final funding, we’ll be here to answer your questions and guide you so that the process goes as smoothly as possible.
It’s Easier To Qualify Than You Think
Pineapple mortgage experts are ready to help guide you through the entire process from beginning to end.
- A reverse mortgage is a loan that is secured against the value of your home that allows you to access up to 55-percent of the equity in your home in cash.
- Unlike a regular mortgage program, you are not required to make any monthly payments and you do not have to pay anything back until you leave or sell the home.
- A reverse mortgage option is available to those who are a minimum of 55 years of age.
- You can qualify for up to 55-percent of the value in your owner-occupied home and you will still remain on title as the owner of the home.
- The amount granted will depend on the location of your home, the property type, the appraised value, the condition of the home and your age.
Enjoy Your Retirement To The Fullest
- Supplement your income: A reverse mortgage can help you tap into the equity in your home to provide you with the income you need to cover all your expenses and live comfortably.
- Repay Debt: If you have a mortgage or high interest debt remaining, you can use the proceeds from the initial advance to pay off your existing mortgage, credit card debt and any other loans you may have.
- Purchase a New Home: A reverse mortgage can help you tap into the equity in your home to provide you with the income you need to cover all your expenses and live comfortably.
- Cover Unexpected Costs: Life happens and if you’re in need of funds quickly or you’re facing unexpected costs without a budget to cover it, a reverse mortgage can provide you with the money right away.
- Help a Family Member Buy a Home: If a child or grandchild cannot save enough for a down payment, you can place a reverse mortgage on your home and use the money to help them buy their first home.
Age In-Place, In The Home You Love
Separating fact vs. myth, see why many Canadians are turning to reverse mortgages to supplement their retirement lifestyle.
No Income or Credit Required: Qualification is focused on your property location and condition, your age, and the value of your home.
No Payment Required: You don’t have to make monthly mortgage payments. You don’t have to pay back the loan or interest costs until you sell the home or pass away.
Tax Free Money: The money you borrow is tax-free and does not affect your Old-Age Security or Guaranteed Income Supplement.
Ownership Maintained: You maintain ownership of your home and will continue to benefit from surging Canadian home values.
