🏡 Planning for Mortgage Financing in Retirement? Explore Your Options!
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.
The advantage of working with an independent mortgage professional instead of a single bank is choice. When you work with an independent mortgage professional, you won't be limited to an individual institution's products; rather, you will have access to considerably more options.
Here are some options available to older Canadians as they plan for mortgage financing through their retirement:
Standard Mortgage Financing
Reverse Mortgage Financing
Home Equity Line of Credit (HELOC)
Private Financing
If you have any questions about securing mortgage financing for your retirement, please connect anytime. Or check out my website to learn more. Your financial well-being in retirement is important, and I'm here to help you explore the best options for your unique circumstances. 📊🏦🔑
https://www.dianebuchanan.ca/
