The population is drastically altering here in Calgary. The baby boomer’s generation has entered their senior years during this decade. Instead of struggling with their finances after retirement, a reverse mortgage can help by using the property as collateral. You can literally borrow cash without moving out or selling your Home.
If you are over the age of 55 and live in your own Home, you are qualified for a reverse mortgage. The program assesses the location and condition of your property while completing a home appraisal before approving the mortgage.
Not many people are aware of this program therefore HomeHow can help you out using layman's terms. We believe in transparency therefore we will explain potential risks and 'worst-case' scenarios in order for you to make well-informed decisions.