Reverse Mortgages are a type of lending that allows you access to up to 55% of the equity in your home, without having to sell or make regular payments.
Your Ideal Retirement, Right in Your Home Sweet Home
Are you 55+ and sitting on a treasure trove of home equity? Rampone-Marsh is your gateway to converting that equity into endless possibilities. Join the skyrocketing number of Canadians who are already living their dream retirements thanks to this empowering financial lifeline. Elevate your golden years beyond imagination—there’s no time like NOW to discover the magic of a reverse mortgage!
The Rampone-Marsh Promise
- Streamlined Application
- Fee Transparency
- Easy Home Evaluation
- Access to All the Top Lenders and Rates
Is a Reverse Mortgage a Good Fit For You?
Age 55 or older and residing in a Canadian province
Home appraised value of at least $150,000
Secured debt below the approved reverse mortgage lending amount
Frequently Asked Questions
Applying for a mortgage shouldn’t be hard or confusing,
let’s break this down and make it simple for you!
What are the requirements for a reverse mortgage?
Homeowners must be 55 or older and live in a province of Canada, the appraised value of their home must be at least $150,000 and the secured debt must be less than the reverse mortgage lending amount they are approved for.
Are there any costs to get a reverse mortgage?
There are one-time fees for arranging a reverse mortgage, such as the appraisal fee, fee for legal advice, and fee for administration and registration.
Beyond that, there are no monthly payments required as long as the homeowner continues living in the home.
Can I get a reverse mortgage if I owe on my current mortgage?
That’s ok! Reverse mortgages are commonly used to supplement income or pay off expenses such as an existing mortgage.
Do I lose ownership of my home with a reverse mortgage?
You will retain full ownership and title of your home, though you are expected to live in the home and maintain the property, staying on top of property taxes and insurance.
How do I receive the money from my reverse mortgage?
You get to choose how you want to receive the money, either in one lump sum or through planned advances over a set period of time.
Take the Next Step
Don’t let a restricted income stop you from enjoying your golden years. With a Rampone-Marsh Reverse Mortgage, it’s not just financial liberation—it’s the freedom to live life to the fullest, on your own terms.
