Reverse Mortgage
Services In Canada
Do you own a home and want to access its cash value without selling it?
If yes, a reverse mortgage might be the perfect solution. At Diverse Mortgage Group, we specialize in helping homeowners access the equity in their property while retaining full ownership and staying in their homes.
With years of experience in the mortgage industry, we’ve guided countless Canadians through securing reverse mortgage services in Canada. Whether you’re looking to supplement your retirement income, cover unexpected expenses, or fund your dreams, we’re here to provide tailored solutions that work for you.
What Is A Reverse Mortgage?
A reverse mortgage allows homeowners aged 55 or older to borrow against the value of their home without making monthly payments.
The loan is repaid when you sell your home, move out, or pass away. This unique financial tool provides access to tax-free cash while allowing you to stay home and remain independent.
Why Choose A Reverse Mortgage?
Access Tax-Free Cash
You can access tax-free funds and use them as you like, whether to enhance your retirement lifestyle, pay for healthcare, or support loved ones.
No Monthly Payments
With a reverse mortgage, you will not have to make monthly payments. The loan will only be paid back when you sell the house or if the house is no longer your primary residence.
Live in Your Home
Unlike selling the property to achieve the cash you desire, a reverse mortgage will allow you to stay in your home, taking the financial security out of it.
Best Reverse Mortgage Rates in Canada
We partner with the best lenders in Canada to ensure you receive the lowest possible rate for your home equity.
Our Reverse Mortgage Services
At Diverse Mortgage Group, we offer several services tailored to make it easier and ensure you maximize all the benefits you are entitled to:
Comprehensive Consultation
We take the time to understand your financial goals and clearly explain how a reverse mortgage works. Our team ensures you're fully informed before making any decisions.
Personalized Solutions
Each homeowner's situation is unique, and we structure our reverse mortgage to fit their needs. This gives you access to funds while retaining long-term security for your money.
Flexible Payout Options
You can choose from lump sums, monthly payments, or both. Our professional guidance will help you select a payout option suitable for your lifestyle.
Transparent Process
From the first consultation to final approval, we clearly and transparently walk you through every step.
Why Diverse Mortgage Group?
Trusted Expertise
Our over 25 years of experience in the mortgage industry have earned us a reputation for delivering excellent service and results.
Unmatched Network
Our excellent relationships with the top lenders in Canada help us secure the lowest reverse mortgage rates and the best terms for our clients.
Dedicated Support
We are focused on making the process as stress-free and smooth as possible. We will answer all your questions and concerns promptly.
Client-Centric Approach
We work on your goals. We ensure that your reverse mortgage solution keeps up with your financial plans and future aspirations.
What Our Clients Say
Start Your Reverse Mortgage Journey Today
A reverse mortgage can unlock new financial possibilities while allowing you to enjoy the comfort of your home. At Diverse Mortgage Group, we are here to make this process easy, transparent, and rewarding.
Contact us today for a free consultation and explore your reverse mortgage options!
FAQ
Frequently Asked Questions (FAQs)
What is a reverse mortgage?
A reverse mortgage is a loan used by homeowners aged 55 or older to access cash generated by their home’s equity. Repayment comes when the homeowner moves out or dies when the house is sold. He does not have to pay monthly repayments.
How much can one borrow from a reverse mortgage in Canada?
The amount you can borrow is based on your age, home value, and location. Generally, homeowners can access up to 55% of the value of their home.
What are the eligibility requirements for a reverse mortgage?
You must be at least 55, own your home outright or have a small remaining mortgage, and use the property as your primary residence.
Are funds from a reverse mortgage taxed?
No, since the money from the reverse mortgage is deemed a loan rather than income, you don’t have to pay taxes on that money.
Am I going to lose my home through a reverse mortgage?
No, but you do need to make payments on the reverse mortgage. Property taxes are also required, and you must maintain the property to avoid losing your house.