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Reverse Mortgages Toronto

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Reverse Mortgages

The Lender Will Pay Up To 40%

Finally with reverse mortgages the lender will be paying you! Reverse mortgages enable you to convert some of your home equity into money that the lender pays out. Depending on the location and type of your home and on your age and the age of your spouse you may eligible to access 40% of your current appraised value of your home.

Check If You Are Eligible To Apply

Our team at Toronto Mortgage Brokerage can help you access these funds. The money will not be taxed as income and you can choose to get it in installments or in a lump sum payment. This is an amazing opportunity for older homeowners. Reverse mortgages apply to people over 60 years old and those that fit the location and home criteria. Contact one of our representatives to find out your eligibility for a reverse mortgage.

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Benefits of Reverse Mortgages In Toronto

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The major benefit of a reverse mortgage is that you don’t have to change your current payment mortgage plan, or sell your home in order to receive money. Debts left on existing mortgages must be fully paid off in order to qualify for a reverse mortgage. There are greater options, if your debt is below the amount of your reverse mortgage. We can help you to get to use your reverse mortgage to first pay off your debt and then be entitled to the remaining amount of money.

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Get your peace of mind and comfort during your retirement; call Toronto Mortgage Brokerage if you have any specific questions or to find out more details about reverse mortgages. One of our experts will be happy to help you.

Google Reviews

Certified Mortgage Brokers
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Sean Hammond
2019-08-29

I had to port a mortgage to a new condo, Leon had excellent knowledge to get me through the approval process. When the bank made an error, Leon was quick to contact them to make sure everything was done right and on time. He is very professional and courteous and I recommend his service to anyone who wishes to apply for a mortgage.

Ronald McDonald
2019-08-27

Giving them 5/5 stars. Massoud helped me with my mortgage and he never missed a beat. He made the process very straightforward as a first time home buyer. Shopped around for other mortgages but he was always the first to get things for me. Highly recommend him

Shannon Jones
2019-08-23

I was looking to renew my mortgage and my previous lender was less than willing to do anything to keep my business. So I started to look for another brokerage to do business with and Certified Mortgage Broker stood out purely based on my interactions with Massoud. Massoud was professional and clearly had a keen sense of customer service; which I make a high priority when doing business with anyone since I'm in the customer service business myself. Peter rolled out the red carpet for me, walked me through my options, inquired about my plans with my current property, give me opinions and facts about rentals in the area, sales/purchases. In some respects he gave me more information about real estate than my real estate agent has!

Glen Plummer
2019-08-20

Selling and buying a home is a stressful experience and Leon with CMB in North York took all of the stress out of arranging the financing. He was very professional and clear about what I needed to provide to him. He used this information to arrange the best mortgage option on our new home, arranged the bridge loan to cover the closing period differential, and arranged closing out the mortgage with the previous lender.. Our experience with Leon is far better than the local in-person brokers that we contacted previously and Leon has helped us with a mortgage renewal in the past with the same excellent experience.

Colleen Power
2019-07-31

Leon returned my called from a missed call within 15 minutes of my call and I left no message. Leon and his team were fantastic. Even with the money issues we had Leon made me feel important and valued as a person.

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