Mortgage & Wealth Strategies
Say Hello To The Easiest Way To Mortgage
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Beyond The Rate
As expert mortgage brokers, we know building wealth through homeownership and achieving financial freedom is about more than just chasing the lowest rate—it’s about strategy.
We're taking you behind the scenes and giving you the insider tools and powerful strategies to get ahead. If you’re a first-time homebuyer, you’ll find everything you need to secure your first property and start building wealth from day one.
If you’re an existing homeowner, this is where you take control. Maximize the wealth-building potential of your current home with proven strategies for refinancing, leveraging equity, and optimizing your mortgage for bigger opportunities.
Your mortgage is more than a loan—it’s a gateway to long-term financial success.
Our goal is simple: to equip you with the knowledge and tools to make smart, strategic decisions that will transform your financial future.
Let’s get started.
Edmonton Reverse Mortgage Week! Post 2: Who Gets Ownership & What Will You Owe?
March 23, 2021 | Posted by: Matt Broom-Hall
Now that we've talked about 'what' a reverse mortgage is - it's time to discuss ownership and how much you'd owe.Many of our clients preserve a large portion of the equity in their home and our reverse mortgage solutions offer lower interest rates than many other option.
The tax-free cash you can get from a reverse mortgage can be used for whatever you need it for. Whether it’s for eliminating debt, buying a vacation property, increasing your cash flow, or providing your family with an early inheritance – it’s up to you!
You can access up to 55% of the equity in your home and receive the money in a lump-sum payment, periodic installments, or a combination of the two.
Because you are only using 55% of the equity in your home - you will never owe more than your home is worth. You also maintain ownership. You maintain the title on the home. You worked hard to become a homeowner, and it’s important that you keep it that way. With a Canadian Reverse Mortgage, you always maintain control of your home. In other words, you will never be forced to sell or move as a result of changing home values or earning power (remember, there are no monthly mortgage payments).
If your home goes up in value, the appreciation is all yours. Simply maintain your property and pay the taxes and insurance. When you retire, you shouldn’t have to give up the home you love.
Did you know? If you are 55 years of age or older - you can also get a reverse mortgage on a new property and live mortgage free - even if you don't own an existing property? This allows you to live comfortably in retirement instead of worrying about all the 'other bills' after you've made a mortgage payment.
If you would like to learn more about how a reverse mortgage can be a tool in your financial plan, connect with me today!
Creating happy homeowners by providing personal bespoke mortgages solutions with uncompromising service.
Matt Broom-Hall
Mortgage Broker & Happiness Creator
Flare Mortgage Group
mortgages@mattbroomhall.com
Serving Clients In: Edmonton, Sherwood Park, Fort Saskatchewan, Leduc, Nisku, Stony Plain, Spruce Grove, Beaumont and St. Albert.
Also Serving: All areas of Alberta including: Calgary, Lethbridge, Red Deer, Medicine Hat, Wood Buffalo / Fort McMurray, Grande Prairie, Airdrie, Lloydminster AB, Okotoks, Cochrane, Camrose, Chestermere, Sylvan Lake, Brooks, Strathmore, High River, Wetaskiwin, Lacombe, Canmore, Morinville, Whitecourt, Hinton, Olds, Blackfalds, Taber, Coaldale, Edson, Banff, Grand Centre, Innisfail, Ponoka, Drayton Valley, Cold Lake, Devon, Drumheller, Rocky Mountain House, Slave Lake, Wainwright, Stettler, St. Paul, Vegreville, Didsbury, Bonnyville, Westlock, Barrhead.