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More Latins calling Barrie Home
According to Statistics Canada, there are a large number of people with Latin backgrounds living in Barrie.... read more
What is a reverse mortgage loan?

A reverse mortgage is a special type of loan available only to older homeowners with full or nearly full equity in their homes. Such owners can borrow against the equity they have built up over the years, but no repayment is necessary until the borrower sells the property or moves elsewhere.

If the borrower dies before the property is sold, the estate repays the loan (plus any interest that has accrued.

These loans have become increasingly popular. If you believe you qualify for such a loan, be sure to have the document reviewed by an attorney or financial advisor.


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Lina Garcia Sales Rep. Sutton Incentive Realty Inc. *Brokerage
linagarcia@rogers.com
www.barriefamilyhomes.com  www.casaenbarrie.com 
Office: 705-739-1300   Direct: 1(888) 848-LINA
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