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Take Advantage of Your Home Equity Now to live the life you want
Home Equity Advantage Solutions - A Reverse Mortgage
You've spent years building up the equity in your home, and paying down your mortgage. But you don't have enough income to meet all your expenses and travel or help family members the way you would like. You want o stay in your own home as you age. I have several reverse mortgage lenders who can help you turn your equity into creating a new direction forward and stay in your home. I'm a senior myself and 84 years old, and understand your needs and wants.

With all the talk of working from home, to avoid contact with Covid 19, its timely to note that I have been in financial industry for over 64 years, and for 38 of that I have worked from home. I have been on Vancouver Island for 40  years and know the island communities well having driven from end to end many times. But I'm not limited to the island or indeed to BC. I am licensed in BC but can assist in arranging  mortgages anywhere in Canada through appropriately licensed colleagues in the respective provinces. I have assisted in arranging mortgages in interior and northern BC, as well as in Alberta, Ontario, and Nova Scotia. 

  • Expertise
    I will provide you independent expert advice on your financial options. I am not tied to a specific lender or products , but I have many years experience with different lenders , so I can offer you mortgage products that will best match your specific needs.
  • I still make home visits.
    Instead of spending your valuable time meeting with competing mortgage lenders, I can quickly narrow down the list of lenders that will help you achieve your financial goals. I will make your comparison-shopping fast, easy, and convenient. In this technical age, in some cases I will come to your home to assist in arranging and documenting your application. Coffee at the kitchen table is always good.
  • No charge to you. In some cases I may share some of my remuneration with you to help with set up and appraisal costs.
    There's absolutely no charge for my services on Equity Advantage solutions, or typical residential mortgage transactions. Like many other professional services, such as insurance, mortgage brokers are paid a finder's fee when we introduce clients to a suitable lender.
Why Should You Use My Services?
I will negotiate on your behalf. Many people are uncertain or uncomfortable negotiating mortgages directly with their bank. And even if you have an existing relationship with your branch, TMG does millions of dollars of transactions yearly with a wide variety of lending institutions so we have strong lender relationships. I can use that relationship to your advantage to negotiate your mortgage to ensure you secure competitive rates and terms that benefit you.
Commercial/investment mortgages require a broker that is experienced in the industry and has connections with lenders. I have more than 55 years experience in Commercial Lending due to my more than 47 years of banking and a further 18 years as a Commercial and residential mortgage broker. 
 
I will also ensure that you're getting the best rates and terms. Even if you've already been pre-approved for a mortgage by your bank or another financial institution, you're not obliged to stop shopping! I can investigate on your behalf to see if there is an alternative to better suit your needs. Dont accept the rate offered for renewal of your mortgage without checking with a broker to see if there is a better rate available. There usually is. 
 
Do you know about mortgage customization? All mortgages are not created equally, and depending on your financial goals, I will ensure the mortgage you receive helps you with those goals. Whether borrowing to purchase, renovate, or make your mortgage interest tax deductible, I can ensure that the mortgage you have helps achieve these financial goals.
EQUITY ADVANTAGE SOLUTIONS Reverse Mortgages-Stay in your own home, travel, or enhance your lifestyle.
Equity Advantage Solutions
If you want to stay in your own home now is the time to use your own equity to create the lifestyle you want. You're not mortgaging you're future: You're creating the one of your dreams. You can take the amount you qualify for up front, or take it in an initial upfront amount, and then monthly, quarterly or annual advances, or simply on request.
Which Equity Advantage lender is best for me.
There are now several lenders in the Equity Advantage /Reverse Mortgage field. I represent them all. Once I get your financial story, and learn your objectives, I will help you select the best product with the best terms for your unique situation,
Refinancing
Sometimes, refinancing is your best option for a variety of reasons. An Equity Advantage Solution can pay off existing mortgages, credit card and other debt, and give you some financial breathing room.
Get started with your application now!
I'm here to help with your mortgage needs, refinancing, new home purchases or mortgage renewals.
Types of Mortgages

I'm 84 years old, and have been in banking and finance for over 67 years, 47 as a banker, and 20 as a mortgage broker. I've also been a Financial Planner, and an investment advisor. For years I specialized in Commercial lending, but now as I approach the final years of my career I am specializing in Equity Advantage Solutions, or Reverse Mortgages as they are commonly known. These mortgages have been around for over many years in Canada, but in recent years with significant increases in house prices, and home equity, many people are now taking advantage of the benefits of this financing to:

Age in place/stay in your own home/pay for home care services

Buy a vacation home/boat/motorhome

Give your family an early inheritance

Support family with their education

While I specialize in Equity Advantage Solutions, I also arrange a full line of mortgage products, for home purchase, refinances, renewals, bridge financing, and work with many lenders, banks, Credit Unions, non banks, private investors, to find the right product for your needs.

 


Do you have the funds to live in retirement that you've been dreaming of? If you're like many Canadians you may find yourself house rich but short on funds for everyday expenses, or the travel you've always wanted. The good news is that if you're a homeowner 55 plus there's a solution to help you live the life you've always imagined. The amount you can receive is based on the age of the youngest partner on title. While it's usually spouses getting this type of mortgage, it can be used for parent/child too example mother or father 75, and son or daughter 55. 
 
I'm 84, and wish I'd taken advantage of this option before I sold my house. I sold in 2016 and now my former home is worth twice what I sold it for. 
 
You can access up to 55 % of your home's value with a Reverse Mortgage . You retain 100% ownership of your home. The title and ownership of your home belong to you and not the bank. There are  several bank and other lenders that offer Reverse Mortgage Products and I can help you select the one best for you. The amount you would get from a Reverse Mortgage is considerably less the younger you are. This product works best for those in late 70's and 80's. 
 
The money you get is tax free. It also doesn't impact your OAS, or Guaranteed Income Supplement.
 
You decide how to spend the money you get. You can use the net proceeds from your Reverse Mortgage to pay off existing mortgage, other hugh interest loans and credit cards ,make home renos or retrofits, pay unexpected expenses, financially help children or grandchildren, or purchase a second property.
 
There are NO regular mortgage payments required. Once you decide to leave your home, the interest and principal and any applicable charges are simply paid off from the proceeds of the home sale. You are still required to maintain your property taxes, fire insurance, and condominium or maintenance fees.
 
NO negative equity guarantee. You will never owe more than the fair market value of your home. 
 
Lets talk about the retirement fund potential of your home. Give me a call 250-228-5980 or text to find out more. I am 84 years old and missed the opportunity to use this funding as I sold my home, so am very familiar with the issues.
 




The Rates, Today
Because I work with a wide variety of lenders I can access competitive, lower-than-advertised interest rates. Check back often to see how these rates compare to average bank rates. Rates for Equity Advantage Solutions are priced separately. Please contact me directly for those rates. and set up costs.
How Much Can You Afford?
Use this mortgage calculator to help you figure things out
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Contact me! Let's get started today!

Get in touch with me today for your Equity Advantage consultation!

Whether you're looking for a first mortgage, refinancing your current home, or just researching your options, I'm here to help. I'm focusing on Equity Advantage Solutions to allow you to stay in your own home and enjoy your life the way you want. I do arrange mortgages for home purchase or renewals as well.