• Finance, refinance, purchase (owner occupied principal residence).
• Fund retirement using all assets (front end of retirement).
• More tax efficient cash flow in retirement (supports diversified financial plans).
• Preserve investment assets.*
• Cover life expenses (renovations, debt, home improvement, travel, help children/grandchildren).
•  Pay for in-home care or medical expenses.
•Pay insurance premiums for estate planning needs.

*Consult a financial or tax advisor for further information.

• Planned Advances are required monthly or quarterly.

• Lump-sum (single advance of all available funds).

• Subsequent Advance (partial initial advance and open for future advances).

Up to 55% (dependent upon age, location and type of home ).

• Planned advances from $1,000/month or $3,000/quarter.

• Minimum initial advance $20,000.

• Planned Advance: variable rate mortgage.

• Lump-sum: 5 year fixed, 3 year fixed, 1 year fixed, variable rate mortgage.

None.

No regular monthly payment is required.

No prepayment charge applies:

• On a single prepayment up to 10% of the outstanding principal and interest made within 30 days following each anniversary date.

• After 5 years, on payments made within 30 days following a rate reset date.

None required.

• Valid and adequate fire insurance.
• Property tax statement (current year or deferred property tax statement).
• Two pieces of valid identification.
• Power of Attorney and Power of Attorney Identification (if applicable).
• Statements for any secured debt.

Not in a traditional sense, but refinancing available with fees waived.

Required (Approximately $175 - $400 for most properties).

Required approximately $300 - $600.

Additional legal costs may apply if additional legal work is required (eg. title issues).

Must be up-to-date (can be paid out of the mortgage proceeds).