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My Rates

6 Months 4.29%
1 Year 3.49%
3 Years 4.65%
5 Years 5.14%
1 Year Open 4.09%
*Rates subject to change and OAC
AGENT LICENSE ID
M09002332
BROKERAGE LICENSE ID
12326
Doug Boswell Mortgage Agent

Doug Boswell

Mortgage Agent


Office:
Phone:
Address:
360 Richmond St W. Suite 100, Toronto, Ontario

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Welcome to my Reverse Mortgage website. Once, looked on as a poor mortgage type, Reverse Mortgages are growing annually in popularity. For various reasons, people are looking to this mortgage type as a way to ease into retirement. Perhaps you are 55 or older and retired or nearing retirement. You start to consider your retirement income fund and find your pension may not cover your financial needs. You visit your friendly bank that you have always used and much to your shock they say that you cannot refinnace or get a Line of Credit because your income cannot support the required monthly payments. Perhaps you want to pay off all your debts or travel or help your child purchase  a home.There are many valid reasons to consider a Reverse Mortgage. You need to become an informed consumer to learn the pros and cons of this type of mortgage. You need to know which lender you will use and what plan best fits your needs.

A no obligation discussion can be arranged. I would be happy to discuss this with you, provide you with the information that you require and answer any questions that you may have.

For further reading please visit this site: Reverse Mortgages in Canada - RATESDOTCA.

Lets talk soon. Contact Doug at doug@intellimortgage.com.

 


BLOG / NEWS Updates

Case Study #4

A couple fall into financial difficulty. They are turned down by the banks much to their chagrin. The only way to get outof this debt was to go the route of a Consumer Proposal. The next problem was their credit rating was now too low to even think about a new mortgage on the property. The Reverse Mortgage allowed them to pay out the Consumer Proposal and begin the road to improving their credit. Once it is viable, they can pay off the Reverse Mortgage and get back to living a normal financial life.

MY LENDERS

TD Bank Scotia Bank First National MCAP B2B Bank Home Trust
Merix Equitable Bank RFA CMLS ICICI Bank Manulife
Attain Mortgage Haventree Bank HomeEquity Bank Lifecycle Mortgage Sequence Wealth One
Fisgard Capital Optimum RMG Mortgages Bridgewater Marathon Mortgages Vault