03/25/2026
Reverse Mortgages are growing in popularity...and for good reason!
You have worked hard to buy a home, pay down the mortgage and you've benefitted from appreciation over the years. Now you may be in the stage of life where your income is reduced and keeping up with a remaining mortgage, utilities and other home maintaince costs seems unsustainable. Maybe you wish you would renovate or improve your home, but don't want to take out extra loans or add to your mortgage. Maybe you wish you could gift money to your kids or grandkids to help them buy a home. You've thought about withdrawing more from your retirement savings, but that comes with tax implications.
If any of these scenarios hit home, its time to explore what a reverse mortgage can do for you. Reverse mortgages are payment optional. You can use funds to pay out and existing mortgage, and therefore stop payments immediately. You can take out a one time draw, or monthly or quarterly payments to help you stay on track with your budget.
The benefit is staying in your home longer, and while reverse mortgages do come at a cost, I can run the numbers on expected appreciation and show you how the actual cost so you can make an informed decision.
Reach out anytime:
Amie Walcott
Mortgage Architects
E: [email protected]
Ph: 204-979-8035
Serving Alberta and Manitoba!
