Reverse mortgages have gained popularity among Selwyn homeowners as a way to access the equity in their homes without selling. This guide will explore the pros and cons of reverse mortgages, address common myths, answer frequently asked questions, and outline the qualifications and documentation typically needed.
A reverse mortgage allows homeowners aged 55 and older to borrow money against the value of their home. Unlike a traditional mortgage, you don’t need to make regular payments. Instead, the loan and interest are repaid when you sell your home, move out, or pass away.
That's right, reverse mortgages are transparent and ethical.
A reverse mortgage caters to home owners 55+.
That's right, you remain the owner of your home.
Reverse Mortgages are offered by known legitimate lenders.
We're independent licensed mortgage brokers with many lenders, as apposed to promoting simply products through one lender.
Being a licensed Selwyn mortgage broker gives us access to electrifying mortgage programs such as the reverse mortgage.
And quite possibly one of the best benefits of working with a licensed mortgage broker is the value we add to your mortgage experience.
Licensed mortgage brokers:
Don't be shy, take a peek around our Reverse Mortgage website!
A reverse mortgage in Selwyn can be a super valuable mortgage option for homeowners who are 55+.
Kyle Benzies offers a variety of mortgage services to its clients, including: