There's a lot of information to consider when looking to access the equity you've built up in your home. The earlier you start the process, the better prepared you'll be to make the best decision. When you contact us, there is no pressure or obligation to move forward.
Let's take a look at your financial situation and assess the best steps to move forward. If you're over 55 and have significant home equity, you've got options including standard mortgage financing, a home equity line of credit or a reverse mortgage.
There are many reasons you might decide to access the equity in your home. The goal should be to use the money you've worked so hard for to do whatever you like. Enjoy the freedom this could bring to your life, after all, it's your money.
If you’ve been a homeowner for many years, likely your property value has increased significantly. One advantage of homeownership is the opportunity to build equity. Learn about how you can access that equity here.
Although it’s ideal to have your mortgage paid off by the time you retire, that isn’t always possible in today’s economy. The cost of living is considerably higher than it has ever been, and as a result, many Canadians are putting off retirement, hoping to make just a bit more money to add to that nest egg. Learn more about how using home equity can provide financial freedom for you or someone you love.
Simply put, an independent mortgage professional works for you and has your best interest in mind, while a bank specialist works for the bank and has the bank’s best interest in mind.
Working with a single financial institution significantly limits your options when considering mortgage financing, especially if your financial situation isn’t straightforward.