No Monthly Payments
You are not required to make any regular mortgage payments. The balance is repaid when you move, sell the home, the last borrower passes away, or as otherwise required under the mortgage terms.
Keep Your Home
You maintain full ownership and control of your home. You will not be forced to move or sell as long as you meet your loan obligations, including property taxes, insurance, and upkeep.
Tax-Free Cash
The money you receive is tax-free and does not affect your Old Age Security (OAS) or Guaranteed Income Supplement (GIS).
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