Shareena Ramsundar - Reverse Mortgage Specialist and Certified Mortgage Agent, Level 2
Neighbourhood Mortgage Source | Dominion Lending Centres #11764
For over 30 years, I’ve been proud to call Northumberland County my home—living, working, and volunteering right alongside you in our community. As a dedicated reverse mortgage specialist with Canada’s #1 Mortgage Company, I help 55+ homeowners unlock their home equity to reduce debt, boost cash flow, and enjoy financial peace of mind without ever having to move. Let’s talk about how your home can work for you.
Financial Freedom at 55+
Retain Ownership
Stay in the home you love while accessing your equity. You remain on the title and keep control of your property.
Tax-Free Cash Flow
Unlock your home's value without adding to your taxable income. Use the funds for renovations or everyday living.
Flexible Repayment
Eliminate the burden of monthly mortgage payments. Repayment is only required when the home is eventually sold.
Success Stories
Real outcomes for Northumberland homeowners.
The Cobourg Transition
A Toronto couple moved east and downsized into a more manageable Cobourg home using a reverse mortgage—no monthly mortgage payments or traditional mortgage hurdles.
COBOURG, ON
Coastal Security
Port Hope homeowners used a reverse mortgage to fund accessibility renovations so they could safely age in place.
PORT HOPE, ON
The Heritage Roots
A Northumberland County homeowner unlocked equity to gift an early inheritance, helping the next generation reach key financial milestones.
NORTHUMBERLAND, ON
Common Questions
What is a reverse mortgage?
A reverse mortgage is a financial tool specifically designed for homeowners aged 55 and older. It allows you to convert a portion of your home equity into tax-free cash without having to sell your property or make regular monthly mortgage payments.
Will the bank own my home?
No. With a reverse mortgage, your home stays 100% yours as long as you keep up with property taxes, insurance, and basic maintenance. The reverse mortgage simply lets you access some of your home’s value in tax-free cash. There’s also spousal protection, so if you pass away, your spouse can stay in the home without having to requalify.
If I have a conventional mortgage, can I still get a reverse mortgage?
Yes. A reverse mortgage is actually a popular way to pay off an existing conventional mortgage—letting you wipe out monthly mortgage payments for good and improve your monthly cash flow.
How are the funds distributed?
You can take a lump sum upfront to pay off debt, a current mortgage, gift a down payment, etc., or you can request to receive monthly installments—or a combination of both.
Get in Touch
Empowering homeowners aged 55+ with expert mortgage advice. Reach out to Shareena Ramsundar for a personalized consultation today.