Senior Citizen | Go back

Unlock the value in your home and enjoy life on your terms

If you want to pay off your unsecured debts, make upgrades to your home, enjoy a little bit of extra income, take a vacation or to just do more of the things you enjoy, let AKAL Mortgages organize your next mortgage. Let us do all the work while you just sit back and relax.

• Save Hundreds Each Month With a Secured Debt Consolidation
• Best mortgage rates for your specific credit category
• Increase your cash flow
• Equity Take-Out for Any Purpose

Mortgages for Senior Citizens

A Reverse Mortgage is a way to turn some of the value that is locked up in your home into tax free money. Simply put, it is a loan secured by your property. The big difference with CHIP is that you never have to make any payments whether it is principal or interest. You can receive from a minimum of $20,000 to $500,000 from your home equity.

• No Payments are required while you are your spouse live in your home
• You Maintain Ownership and Control of your home
• Your Estate is well protected
• If you are seeking flexible borrowing, a Reverse Mortgage may be for you
• No Income Qualifications to be approved
• You can save on Taxes