Not just a licensed mortgage broker since 1999.

Education that spans the expertise of many financial services.

University Bachelor of Commerce degree (economics + finance): academically rigourous program,knowledge far beyond the minimal online broker training.

+ Diploma Financial Services Underwriting: In-depth professional designation education far beyond what is taught in standard online mortgage broker courses.

+Canadian Securities Course + Conduct and Practices Course: cumulatively I hold a higher level of education than an est. 70% of financial advisors in Canada.

Advanced expertise for Canadian seniors seeking tailored mortgage solutions.

My comprehensive credentials ensure you get specialized advice that goes far beyond that of the standard financial planner or mortgage agent at any institution.

+Former Bank Director and 25+ years tenure: I was the principal broker for a mortgage brokerage owned by a tier 1 Canadian licenced across Canada responsible for compliance for the mortgage sales people.

Both these agents and the bank worked under my license meaning I was responsible for ALL conduct.

I have earned the right to call myself an expert.

Wouldn't you want impartial expert advice if it doesn't cost you anything extra?

If you call anyone, of Canada's regulated reverse mortgage lenders directly, you can only be offered their products. You don't know if you're getting the best product.

You could pay for an appraisal only to find out that you don't qualify with them for what you want. If a different lender or mortgage product is more suitable they cannot offer it. I can.

In am impartial as to which lender you get a mortgage with and whether or not you should get a reverse mortgage.

I want the solution that's most suitable for you.

Get all the facts. See the big picture. Explore your options. At no extra cost.

I have seen dozens of advertising campaigns on Facebook come and go by mortgage agents who want to sell you a reverse mortgage. And it's easy to spot someone who doesn't know what they're talking about.

There are two things that bother me about incorrect Reverse Mortgage Ads:

1. They don't mentioned that the first step in the whole process is determining whether a reverse mortgage is right for you. In fact, it's entirely possible that a mortgage isn't right for you.

2. They also say things like "income, and credit don't matter". This is actually false. That's the big sign that they don't know the products and they just want to sell you a mortgage.

Just to generalize, a reverse mortgage lender needs to show that you have enough income from whatever resources, your own pension or the reverse mortgage itself to cover property tax, insurance, home repairs and general upkeep as well as condo fees, if applicable

As for your credit, the lender wants to set you up for success, which is why nearly all reverse mortgage borrowers are happy with the product. If you have a lot of credit cards and unsecured debt, property tax, careers, or even income tax arrears with CRA the lender is going to want to see this paid out through the proceeds of the reverse mortgage. So that you're not left struggling.

And if a reverse mortgage lender cannot offer you enough money to meet these requirements then you need to look at a different type of alternative mortgage from someone that knows the Alternative Lenders, whether that be a tier 2 Bank, Trust or Mortgage Investment Corp., etc.

I don't charge a fee for helping arrange your reverse mortgage

Why?

Simple. I'm paid by the lender.

Why?

Easy. Nearly every person selling a mortgage is paid a commission by their employer for arranging the mortgage.

I get paid by the lender that I believe has the right product for you. Whether you get a suitable product is important.

I'm impartial because I get paid no matter who funds your mortgage. So I want you to have the right mortgage.

How does this all fit together?

If you call any lender directly and you're approved for a mortgage, they will guide you every step of the way.

But they can only sell you their products. If there's a better product out there for you they can't sell it to you. I can.

I'm impartial as to which Lender provides you with the mortgage that suits your needs best.

Lenders give me extra discounts on the rate or access to fee discounts + promotions NOT published to the public.

Higher loan amounts can also be negotiated with a properly set up application, rationale and senior underwriter approval.

Online calculators are never the whole story or are very accurate. A mortgage needs to be properly underwritten by a qualified, tenured underwriter like myself.

This is where I particularly shine. For 25 years I have specialized in mortgages for the 1-in-3 Canadians that cannot qualify for the product at their local (Tier 1) bank.

There are other great mortgages out there: (Tier 2) banks, trusts, mortgage co's, etc..

Your BIGGEST ADVANTAGE working with me is if there is a better product out there I'll know...and I'll tell you... and I'll help you get it. Just like I do in helping you get a reverse mortgage.

Why apply with just one lender if they can't help you if you get declined?

Work with the right broker - right from the start.

I'm in my 60's. In my mind I'm still "Forever 21".

But I'm not some youngster who all of a sudden said "Hey I should start selling reverse mortgages. It'd be a good thing to get into."

When my mother-in-law was 91 she suffered a stroke. We insisted she move in with us and learned very quickly how challenging it can be to look after the needs of an older loved one in the dignified manner they deserve.

We got a stair lift and a scooter and bathtub seats and modified our home so it was safe. We got support workers in , physio, etc.

There's no manual on how to do this. You have to figure it out. If you get help from someone that knows, it's huge.

It drives me crazy when some young person says off the cuff stuff like "Reverse mortgage? You shouldn't do that."

It's easy to tell someone else what they should do when you don't have to live with the consequence, or it's not your quality of life you're talking about.

Figure out what you want. Plan for it. Get help getting it from someone that understands your situation completely.

I'm here to help.

Peter Fabry

289-312-6333 [email protected]