Stacie Thompson - Own In Toronto - Real Estate Insight

Fun packed weekend. Supporting Truman in his Ride to Conquer Cancer - that boy chewed through 100kms of pavement in record time. Followed up with a day at the Canadian Open.

🤷‍♂️ Is It Right for You?
✅ Pros: No monthly payments, stay in your home, help loved ones
❌ Cons: High interest, potential inheritance issues, limited borrowing power later
🏡 Thinking about gifting a down payment? Let’s chat about the best strategy!

🏠💸 A reverse mortgage might sound great—until market shifts leave you with a growing loan and less equity than expected.
📢 Before signing anything, consider other options like a HELOC or downsizing.
We can provide you with a clear understanding of your homes value to see where you stand.

Bad news? If you burn through your home equity too soon, your golden years could turn into a financial scramble.
Reverse mortgages can be helpful—but only if planned wisely!
Let us help you make the right choices with your real estate.

💖 Want to Help Your Kids Buy a Home?
Many parents & grandparents prefer to see their loved ones benefit now rather than leaving an inheritance later. A down payment gift can be life-changing!
But… is a reverse mortgage the best way? 🤨
📍 New blog post - check it out!

💰 REVERSE MORTGAGE = PRICEY BORROWING
Did you know reverse mortgage rates are currently 6.49%-6.69%—almost 2% higher than traditional mortgages? Over time, this could eat up your home equity.
❓ Before gifting that down payment, weigh the costs carefully!
📍 Read more on our blog

SMART MOVE OR RISKY GAMBLE?
🏡 More seniors are using reverse mortgages to help their kids buy a home. But is it a golden opportunity or a financial trap? 🤔 Let’s break it down!
📍 Read more on our blog.

Day 1 - Formula 1 Race Day - every where you turn