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AKAL Mortgages HAS EXPERIENCE WORKING WITH ALL LOAN PRODUCTS!!!

Canadian Reverse Mortgages are NOW Available!

Contrary to popular belief, Reverse Mortgages do exist in Canada and represent one of the most flexible lending products available to homeowners today! A reverse mortgage is often quite similar to a secured line of credit, making this a very attractive and flexible option. Financing is currently available for Canadian’s over the age of 60 nationwide, and without age limit in Ontario and British Columbia.

Equity rich but cash poor? A reverse mortgage is for you!
Reverse mortgages is a unique product that has been specifically designed for homeowners who have limited or no income but do have a substantial amount of equity available in their homes.

No monthly payments, and only due upon sale of the property!
That’s right, so long as you live in your home you will never be asked to pay a single penny on a regular basis nor will you be asked to repay the loan in full until the property is sold! This is a great way to take advantage of your home’s equity without the stress of a monthly payment.

Some Great Benefits

• All funds are tax-free and will not affect any benefits you may be receiving
• Optional ability to pay off accumulating interest to keep your balance low!
• Save hundreds each month by clearing out any unsecured debts or high rate debts
• You’re in control at all times; pay off the loan whenever you want!
• Increase your income and save with additional tax benefits when you investment in non-registered investments such as GICs and Mutual Funds!

No Limitations on How You Use Your Loan

These are just a few reasons why many Canadians are turning to a reverse mortgage:

• Renovate your home for cosmetic, structural, or ease-of-living purposes!
• Take that dream vacation you’ve always wanted but could never afford!
• Invest in your grandchildren’s education and future with a college fund
• An effective means of survival during a cash flow crisis or periods of unemployment