• What is a Reverse Mortgage? - Check out my video!!

    Author: Corina Murphy Mortgages - Premiere Mortgage Centre | | Categories: chipmortgage , gifteddownpayment , mortgage , Reversemortgages , senior

    What is a Reverse Mortgage? A reverse mortgage is a loan secured against the value of your home. It is designed exclusively for homeowners aged 55 years and older. It enables you to convert up to 55% of your home's value into tax-free cash. Repayment of the loan is only required once you choose to move sell or the sole homeowner passes. Monthly payments are optional, but you can also choose the no payment option. Reverse mortgages are growing in popularity for a variety of reasons and have increased by over 28% annually. Benefits: • As home values have increased, you can unlock the key to…

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