What are your mortgage options when you are retired?

If you don’t have an income, what are the options out there?

  • What are your three options available?
  • What can you use for a traditional qualifications?
  • Can you just use your net-worth to qualify?
  • Are there any interest premiums for this option?
  • What is required for a reverse mortgage?
  • How does a reverse mortgage work?
  • What can you do with a reverse mortgage?
  • Why couldn’t you just get a line of credit?
  • Is there a lot of flexibility in the reverse mortgage?

If you have any questions about Toronto real estate, please call or text Lawrence at (416) 276-4895.

For mortgage questions, call Chris Molder at 416-732-8020.

Lawrence Mak, Real Estate Broker, EXP Realty

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