Don’t sit in a corner and cry – I’ve got good news & bad news.

1^st the bad news :☹

You worked hard all your life and you did what you were told. You believed them when they said to get a good job and put some money away for a rainy day. How much should rainy day money be anyway? You will have a little government pension when you retire to help with the little things. Or will you? And how much will that be? At one point you thought do I have enough money? In disappointment you think I should have done more.

Things keep getting so expensive and you’re not sure how to cover those bills. You saved and scrimped to pay off your mortgage for over 35 yrs for the home that you love. Now there is some repairs still to be made and you’re now paying more property taxes than you ever imagined. How can you pay that bill let alone have the occasional treat? It’s not that you’ve lived and overindulged life. Some of these things were necessary to safely be able to stay in this home. You’ve tried and worked hard to provide for retirement. Now you are struggling to keep up.

What are your options? Getting closer to the Good news…

• Get a job after retirement to supplement income and pay expenses
• Sell off my household goods to pay some expenses
• Have someone move in and help cover expenses and manage the property.
  • Friends, family or a stranger?
• Sell the home that I love full of memories of raising my family.
  • Then move where?

Don’t sit in a corner and cry. There may be hope.

And now the Good news 😊

Ask yourself is your home is worth more from when you purchased it? If yes there may be options

If this sounds like you or someone that you know there may be options for homeowners.

There are equity lending products that will work with people on a fixed income who own their home. Using some of the equity from your home will allow you to live an affordable life with a few treats while still maintaining ownership.

Reach out to Melinda today and learn about programs that may work for you.

Melinda Baker Mortgage Agent M21000893 Verico The Mortgage Station 11707

Phone: 705-220-1608 melinda@themortgagestation.ca mortgageweb.ca/melindabaker