Reverse Mortgage Loans
Unlock Your Home’s Equity Without Monthly Payments
Descriptions
Reverse mortgage loans are designed specifically for homeowners aged 62 or older, allowing them to convert part of their home equity into cash while continuing to live in their home. Unlike traditional mortgages, you don’t have to make monthly payments — the loan is repaid when the property is sold, you move out, or upon your passing. This makes reverse mortgages a practical option for retirees looking to supplement retirement income, pay for healthcare, or cover living expenses without selling their home.
At Duane Buziak Mortgage Broker, we guide you through every step of the reverse mortgage process. Our team helps you understand the benefits, potential risks, and long-term impact so you can make an informed choice. We take pride in offering personalized advice tailored to your lifestyle and financial needs, ensuring you get the most out of your home equity.
- No monthly mortgage payments required
- Stay in your home while accessing its equity
- Flexible payout options (lump sum, monthly, or line of credit)
- Funds can be used for any purpose
- Tax-free loan proceeds
- Protection from owing more than the home’s value
- Can help cover medical and living expenses
- Increases retirement cash flow
- Government-insured options available
- Personalized expert guidance through the process
We’re with you from application to closing, making the mortgage process simple, clear, and stress-free.
Enjoy one-on-one guidance with a personal loan expert who knows your needs and keeps you informed at every stage.
Get competitive rates and cost-effective solutions tailored to fit your budget and goals.
Talk with a Lending Specialist.
Get expert advice and personalized solutions for your mortgage needs.
How it Works
Let us help you get into your new home fast, simple, and stress-free.
Our step-by-step process is designed to take you from dream to keys in hand, without confusion or delays. We handle the hard work so you can focus on what matters most finding your perfect home.
We start with a friendly, no-pressure conversation to understand your goals, budget, and timeline. This is where we map out the best mortgage options for your needs.
We’ll guide you through gathering the necessary documents making it quick, easy, and hassle-free. Our secure systems keep everything safe and organized.
Our experts review your application and match you with the right loan program. Once approved, we lock in the best rate possible for you.
Funds are released, paperwork is finalized, and you get the keys to your new home. Congratulations you’re officially a homeowner!
Pay off early, no penalties just savings.
We believe in giving you financial freedom that’s why we never charge prepayment penalties, allowing you to pay off your mortgage early and save on interest without worrying about extra fees.