We help our City Place Community Along Each Step of the Way., Simpler, Smarter All Kinds of Residential and Commercial Mortgages. As City Place Community Neighborhood Mortgage, we Understand the Area Better Other.
Reverse mortgages can be an excellent tool for some individuals and retirees to provide them with a better financial quality of life. During the past 10 years the cost of living has increased but not as quickly as home prices. A reverse mortgage allows for the maintenance of your current lifestyle while utilizing your home equity.
In Canada, a reverse mortgage is a type of loan that is secured against your principal residence. This financing solution gives you access to tax-free cash with no mandatory ongoing payments.
City Place Mortgage Inc. is affiliated with Ontario's well known Mortgage service company Mortgage Associates Ontario Inc. It was founded in 2013 with the goal of making home ownership affordable and accessible.