Solutions 55 Plus
Canadians 55 Plus are living longer and want to stay in the homes they love, but they need the financial peace of mind to do it. This is where Solutions 55 Plus comes in.
If you’re looking to improve cash flow, pay off an existing mortgage, clear balances on existing credit cards and loans, make home improvements, or gift a down payment to a loved one, we can help!
An Incredible Solution
For People Entering Retirement
Solutions 55 Plus is a simple way to turn a portion of your hard-earned home equity into tax-free cash—with no ongoing payments required.
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Borrow up to 59% of your home’s value
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No monthly mortgage payments required
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Receive your tax-free funds as a lump sum or over time
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Retain ownership of the home you love
This all turns your home equity into cash that can be used any way you like.
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Reasons to consider Solutions 55 Plus
If you’d like to boost your retirement income, Solutions 55 Plus allows you to access up to 59% of your home’s equity in tax-free cash.
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You can take your Solutions 55 Plus cash as either a one-time lump sum payment, as monthly payouts, or as ad hoc advances when you need them.
Some of the more popular reasons for taking on a reverse mortgage include:
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Paying off existing debts like a traditional mortgage
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Gifting money to family
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Improving your quality of life
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Adding safety features to or renovating your home
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Buying an investment or vacation property
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Paying for health care or in-home care
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Benefits Of Solutions 55 Plus
The benefits of Solutions 55 Plus doesn't just stop at the ability to cash in on your home’s equity! In fact, these benefits also include:
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Title and ownership of property remain in homeowner’s name
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No monthly mortgage payments required
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Prepayment penalties waived in the event of death or care home placement
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