Lazar Mortgages
7-75 First street L9W 2E4 Orangeville, ON, Canada

Attention Ontario Homeowners Simple, Quick & Flexible Equity loans and 2nd Mortgages being approved daily! Ideal for those unexpected household expenses... Renovations and improvements, why just finance a new HVAC system from Enercare when you need new windows or maybe a driveway or even a new roof too! Great for consolidating debt and repairing your credit score before your mortgage renewal. after all you want the best mortgage options when that time comes and a solid credit score is the key. Life has many pieces to it's puzzle. Don't let finances be the one that doesn't fit. Contact JD if you would like to discuss this and other mortgage options 416-817-0103

There are many misconceptions surrounding reverse mortgages. There are only two reverse mortgage lenders in Canada and both of them have safeguards in place to ensure that the equity in your property is kept safe and secure. Here are the four most common misconceptions about reverse mortgages in Canada. Let’s bust those myths. You will always retain title and ownership of your home. Just like a regular mortgage, your home is used to secure the loan and either of the banks w...ill register a charge on the title of the property you do not transfer home ownership to the bank. Lending amounts are conservative. The reverse mortgage lenders will only lend up to 55% of the value of the home, while factoring in the homeowner's age, property type and property location. The older the client, the higher the loan amount they can qualify for. This is done so that the reverse mortgage never exceeds the value of the home. Homes typically appreciate in value. The total value of your home is likely to appreciate over time, especially if it is located in a major city. Meanwhile, only the interest on the borrowed amount accrues. Based on that differential, even a modest home appreciation allows for equity preservation. This is why over 99% of homeowners have money left over when their loan is repaid. No negative equity guarantee means loan can never be more than the sale price of the home. Many people think that if their home equity depreciates at the time of sale, they/their heirs will end up owing more than the house is worth. However, one of the lenders guarantees that if the home depreciates in value and the mortgage amount due is more than the gross proceeds from the sale of the property, the lender covers the difference between the sale price and the loan amount (as long as the property taxes and mortgage obligations are met and it does exclude administrative fees and the interest accumulated after the due date). The lenders have built these safeguards into the reverse mortgage products to ensure that you will not be at risk of losing your home when accessing your home equity. It all starts with your mortgage agent! Please contact me to find out more about how a reverse mortgage is actually a great way to improve cash flow, while allowing you to stay in your home. We will help to find you the right solution while making the process as stress free as possible. Do you have 5 minutes? Call or message for your CHIP reverse mortgage quote today 416-817-0103 Lazarmortgages.ca Rock Capital Investments Inc. #10556 Each office is independently owned and operated A proud member of The Mortgage Centre