Sandro MAriotti

MORTGAGE BROKER | DLC ORIGIN

 

 Let’s see if a reverse mortgage is right for you.

Book a meeting

My Process

Decide

Decide how much of your home equity you would like to access without scrutiny of your income, credit, or health.

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Consult

Contact me to find out how much you qualify for. I will personally walk you through the entire process from start to finish.

Receive

Receive the money you need in one lump sum or multiple instalments. Spend the money however you like!

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Repay

The full amount only becomes due when you and your spouse pass away, when your home is sold, or if you decide to move.

Sandro Mariotti

Mortgage Broker

A Reverse Mortgage enables homeowners aged 55 and older to access their home equity without making any monthly repayments.

Ready to see if you qualify for a reverse mortgage? If so, then I’m here to guide you through the process step, by step, by step. Having bought, sold, renovated, built, developed and helped 100’s of clients accomplish the same over the years, I am well versed in finding a mortgage option that fits your very unique needs. From pre-sale to resale and everything in between I have solutions for you. The mortgage process can be a bit overwhelming especially in today’s new lending environment, however, I will be here every step of the way making sure you are informed throughout the process giving you the confidence to make the best decision for you and your family.

Give me a call… I think you’ll be pleasantly surprised!

604.618.2678 | sandro@ourmortgageadvisor.ca

Learn More About The Reverse Mortgage Process

FAQs

HOW DOES A CHIP REVERSE MORTGAGE WORK?

A CHIP Reverse Mortgage is secured by the equity in your home. Unlike a traditional mortgage in which you make regular payments to someone else, a reverse mortgage pays you.

The big advantage with the CHIP Reverse Mortgage is that you do not have to make any regular mortgage payments for as long as you or your spouse lives in your home. That’s what has made reverse mortgages such a popular solution in Canada, the U.K., the U.S., Australia and other countries.

HOW DO I RECEIVE THE MONEY?

You can choose how you want to receive the money. The CHIP Reverse Mortgage gives you the option of receiving all the money you’re eligible for in one lump sum advance, or you can take some now and more later, or you can receive planned advances over a set period of time. Planned advances are available on the Income Advantage product.

WILL THE BANK OWN THE HOME?

No. The homeowner retains title and maintains ownership of the home. It’s required for the homeowner to live in the home, pay taxes on time, have property insurance, and maintain the property in good condition.

SHOULD REVERSE MORTGAGES ONLY BE CONSIDERED AS A LOAN OF LAST RESORT?

No. Many financial professionals recommend a reverse mortgage to supplement monthly income instead of selling and downsizing, or taking out a conventional mortgage or a line of credit.

WHO IS IT FOR?

The CHIP Reverse Mortgage is designed exclusively for homeowners age 55 and older.

This age qualification applies to both you and your spouse.

How much can I get and how is it calculated?

You can receive up to 55% of the value of your home.

The specific amount is based on your age and that of your spouse, the location and type of home you have, and your home’s current appraised value. You can contact me and I can quickly give you an estimate of how much you may be approved for. 

WILL THE HOMEOWNER OWE MORE THAN THE HOUSE IS WORTH?

The homeowner keeps all the equity remaining in the home. In our many years of experience, over 99% of homeowners have money left over when their loan is repaid. The equity remaining depends on the amount borrowed, the value of the home, and the amount of time that’s passed since the reverse mortgage was taken out.

WHAT IF THE HOMEOWNER HAS AN EXISTING MORTGAGE?

Many of our clients use a reverse mortgage to pay off their existing mortgage and debts. 

WHAT FEES ARE ASSOCIATED WITH A REVERSE MORTGAGE?

There are one time fees to arrange a reverse mortgage such as an appraisal fee, fee for independent legal advice as well as our fee for administration, title insurance, and registration. With the exception of the appraisal fee, these fees are paid for with the funding dollars.

TESTIMONIALS

Sandro is a top notch mortgage broker. He has a wealth of knowledge of the industry to find the right mortgage. His exceptional level of service was one that I've never experienced before. I value trust, honesty and clear communication, and Sandro has all of these qualities, but most of all he is extremely hard working. We were on a tight timeline to obtain a mortgage and he came through for us. Thank you so much Sandro for all of your hard work and dedication in getting us a mortgage in such a short period of time. You are the best!!

Coleen Nylander

Sandro was excellent to work with. Very knowledgeable and worked extremely hard to get the best rates and mortgage package he could find. Would recommend him to anyone looking for a mortgage broker.

Brad Cowden

I cannot recommend Sandro Mariotti enough. He has helped me secure many mortgages. He's extremely hard-working, very professional, and is always there to answer any questions you may have. Sandro is always dedicated to finding you the best deal possible!

Shane Garstin

Let's Talk

SANDRO MARIOTTI | MORTGAGE BROKER

The first step is to start a conversation with me.