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I'm 55+ and Don't Want a Mortgage Payment

If you are like most Canadians 55 and older, a lot of your net worth is tied up in your home. You have worked hardall your life to pay off that mortgage and prepare for the retirement years ahead. You deserve to retire in style, but that asset which is your home, is doing nothing for you as an investment unless you sell. This is where a reverse mortgage comes in, and here at My Midland Mortgage we can provide the expertise to guide you through this program and help you move forward with retirement confidently.

A reverse mortgage still leaves you with plenty of equity in your home as it can only take up to 55% of the value of the home which ensures you have the cash you want and the security you need. Whether you wish to receive your money in a lump sum or over time, the choice is yours, and remember, you are not obligated to make any mortgage payments until you choose to move or sell.