Your reverse mortgage is due for repayment when the last homeowner leaves the property, usually through its sale, with the proceeds covering the loan balance.
As long as you meet your mortgage obligations, the bank guarantees that you will never owe more than the fair market value
of your home—the price it would sell for in an open market, free from legal claims, on the applicable date.
It's essential to understand that not all reverse mortgages are the same—each bank offers different options. We help you compare and customize a reverse mortgage that fits your unique needs.
Our team of experienced, licensed mortgage professionals
specializes in tailoring financial solutions. With in-depth knowledge of lenders and mortgage products, we ensure you get the best option for your situation.
Interest is accrued on the total outstanding balance, including both principal and interest, for the duration of the loan. As a result, the balance will grow over time.
Ready to take the next step? Apply online or reach out to us today. Adam and his team are committed to guiding you through every stage of your journey, providing expert advice and the best mortgage options for your unique situation. Let us help you make informed decisions and secure your financial future!
Office: 1430 Byron Baseline Rd, London, ON, N6K2E8
Call 519-671-2326
Email: [email protected]
Site: adambujold.com