Attention Retirees: How Your Mortgage Can Increase Your Monthly Cash Flow

An Ipsos Reid Poll showed that in 2008 51% of people expected to be fully retired by age 66.  In 2013 only 27% expected to be fully retired by 66.   That’s almost a 50% decrease in only five years.  That same poll showed that 32% of Canadians expect to work part-time at 66.

An HSBC survey from 2013 indicated that the average retirement in Canada is expected to last 19 years.  Meanwhile savings are expected to last only 11 years.  The survey also indicates that 47% of Canadians aged 55-64 have never saved for retirement at all.  This data exposes a huge issue for many retirees. 

Do you find yourself in either of these scenarios?  

Or perhaps your situation is the opposite.  You have enough assets but ideally you’d like to reduce your taxable income by reducing your RIF payments to the minimum requirement but don’t think you can without decreasing your cash flow.  

If you (and your spouse, if applicable) are at least 55 years old and own your own home that has a substantial amount of equity in it, you may want to consider using your mortgage to achieve your goals.

Imagine a mortgage that gives you total flexibility.  You can receive a lump sum amount or a monthly amount.  Or how about both?  You decide.  And if making monthly principal and interest payments would be too taxing on your cash flow, then how about no payment at all?  Or maybe you’d like to make interest only payments or periodic lump sum payments.  You decide.  Best of all nothing has to be paid back until you sell or pass away.

If this sounds like something that could work for you but your credit rating is poor, not to worry because this is still available to you.  Even if you’ve declared bankruptcy.

If you’d like more information on how this mortgage could work for you, contact me today at 1.877.336.3545 or



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