Welcome to Simply Approved Mortgages, your trusted partner in navigating the world of reverse mortgages. As experts in the mortgage industry, we are dedicated to helping you understand how a reverse mortgage can enhance your financial freedom. Explore how our services can provide you with the flexibility and financial support you need in retirement.
A reverse mortgage allows homeowners aged 62 or older to convert a portion of their home equity into cash while retaining ownership of their home. Unlike traditional mortgages, with a reverse mortgage, you don’t make monthly payments. Instead, the loan is repaid when you sell the home, move out, or pass away.
Reverse mortgages are designed to provide financial flexibility during retirement, offering a steady income stream or a lump sum for major expenses.
Disclaimer: Advertised rates and fees depend on borrower qualifications and market fluctuations.
Access to Home Equity:
No Monthly Payments:
Flexible Payment Options:
Retain Homeownership:
Non-Recourse Loan:
Disclaimer: Simply Approved Mortgages complies with all state and federal licensing requirements that we are licensed in.
Age Requirement:
Primary Residence:
Homeownership Status:
Financial Assessment:
Property Types Eligible:
Gather Documentation:
Application:
Counseling Session:
Appraisal:
Closing:
Home Renovations:
Debt Consolidation:
Major Life Events:
Emergency Funds:
At Simply Approved Mortgages, we offer a wide range of mortgage products tailored to meet your needs:
👉 Explore these options today and find the perfect mortgage solution for your needs!
With our industry-leading 1.5% fee, compared to the standard 2.75%, we save you thousands while offering competitive rates tailored to your needs. Learn More.
Our team of seasoned professionals is dedicated to simplifying the mortgage process, providing personalized solutions, and ensuring you feel confident every step of the way.
We prioritize honesty and clarity. From disclosing every detail upfront to ensuring no hidden surprises, we build trust through our commitment to your financial success.
At Simply Approved Mortgages, we make it easy to estimate how much you could qualify for with a reverse mortgage. A reverse mortgage calculator takes into account factors like your age, home value, and current mortgage balance to provide an estimate of the loan amount you may access.
👉 Use our Reverse Mortgage Calculator to get started!
Simply input your details and see how much equity you could access today. If you have questions or need assistance, our team is here to guide you every step of the way.
Reverse mortgage funds can be used for anything, including medical expenses, home renovations, or daily living expenses.
The loan is repaid when you sell the home, move out, or pass away. Proceeds from the home’s sale are used to pay off the loan balance.
Reverse mortgages typically don’t require income or credit score qualifications, but lenders will assess your ability to cover taxes, insurance, and home maintenance.
No, you retain ownership of your home, but you must meet loan terms, such as maintaining the property and paying taxes.
Reverse mortgages are non-recourse loans, meaning you or your heirs will never owe more than the home’s market value.
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
Unlocking the American Dream, One Home at a Time
NMLS# 2620881 | NMLS Consumer Access Record