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Reverse Mortgage

A reverse mortgage is a big decision. Get free help from a licensed mortgage agent from The Laurin Team to guide you along the way and make sure you're happy that the decision is absolutely right for you.

Our advice is impartial and objective - we don't work for any bank or lender.

Get your free assessment and start your financial freedom today!

TERMS BANK RATES PAYMENT PER $100K OUR RATES

PAYMENT PER $100K

SAVINGS
6 Months 3.14% $480.46 3.10% $478.39 2.07%
1 Year 3.04% $475.30 2.44% $444.98 30.32%
2 Years 2.84% $465.07 2.54% $449.96 15.11%
3 Years 3.44% $496.11 2.84% $465.07 31.03%
4 Years 3.89% $520.07 2.84% $465.07 55.00%
5 Years 4.84% $572.5 2.84% $465.07 107.46%
7 Years 5.30% $598.80 3.39% $493.48 105.32%
10 Years 6.10% $645.76 3.79% $514.70 131.06%

 *Rates subject to change without notice. Certain conditions may apply. OAC, E & OE. Rates published as of August 15, 2017. For more information, please contact us.

Mortgage & Financing Services

MortgageRates

TERMS BANK RATES OUR RATES
6 Months 3.14% 3.10%
1 Year 3.04% 2.44%
2 Years 2.84% 2.54%
3 Years 3.44% 2.84%
4 Years 3.89% 2.84%
5 Years 4.84% 2.84%
7 Years 5.30% 3.39%
10 Years 6.10% 3.79%

 *Rates subject to change without notice. Certain conditions may apply. OAC, E & OE. Rates published as of August 15, 2017. For more information, please contact us.

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Choosing Your Mortgage Amortization

Selecting the length of your mortgage amortization period - the number of years it will take you to become mortgage free - is an important decision that will affect how much interest you pay over the life of your mortgage.

While the lending industry’s benchmark amortization period is 25 years, and this is the standard that is used by lenders when discussing mortgage offers, and usually the basis for mortgage calculators and payment tables, shorter or longer timeframes are available – to a maximum of 35 years.

The main reason to opt for a shorter amortization period is that you will become mortgage-free sooner. And since you’re agreeing to pay off your mortgage in a shorter period of time, the interest you pay over the life of the mortgage is, therefore, greatly reduced.

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WhatClients Say About Us?

Gemma answered all of my questions so quickly, and never seemed like I was bothering her. And I had a lot of questions, being a first time home buyer. She was so helpful and was just an overall pleasure to deal with. I have already recommended her to my co-workers and will continue to recommend her.

-Krissy