David Simmonds Mortgages

David Simmonds Mortgages A CPA with over 20 years of financial experience I find mortgage options you need when you need it. I am available for one one ones at any time.

A Chartered Professional Accountant with over twenty years of industry experience in accounting, finance, tax, private equity, venture capital, entrepreneurship and more. I provide awesome personal old school service using new school tools. I can help you get the mortgage and other real estate financing you need when you need it. Talking to me and getting advice is always free. I provide you with options to choose from at no cost. Take the steps to find out what your options are.

Reverse mortgages aren’t only for emergencies, Ontario seniors are using them strategically to enhance retirement qualit...
05/29/2026

Reverse mortgages aren’t only for emergencies, Ontario seniors are using them strategically to enhance retirement quality of life. Swipe to see the six most common smart uses I see in practice.

Example: a Toronto couple in their late 60s used a lump sum to renovate their bathroom for accessibility and cover taxes, they kept their home, benefits, and dignity.

Implication: when matched to your goals, this tool preserves independence longer than most alternatives.

Always weigh against downsizing or traditional loans.

Which strategy resonates with your situation? Start finding solutions with me, David Simmonds.

Reply with your top use case or DM for a tailored plan.

Most people don't know this: You are allowed to make interest-only payments on a reverse mortgage! If you’re worried abo...
05/27/2026

Most people don't know this: You are allowed to make interest-only payments on a reverse mortgage!

If you’re worried about the balance growing too fast, you can treat it like a traditional loan while keeping the safety net of "no required payments" if your budget gets tight.

Flexibility is the ultimate retirement gift.

Let's see if this hybrid strategy works for you. DM to chat.

Transparency is everything in finance.While a reverse mortgage is a powerful tool, it isn't free. You need to budget for...
05/25/2026

Transparency is everything in finance.

While a reverse mortgage is a powerful tool, it isn't free.

You need to budget for the appraisal, independent legal advice, and the setup fees.

Understanding these upfront costs is the difference between a good financial move and a surprise bill.

As an expert in Reverse Mortagages, I help you break down the APR so you see the true cost.

No surprises, just solutions. Start finding solutions with me, David Simmonds, and let's look at the numbers together.

A reverse mortgage is great, but it’s not a "free ride." You have three main duties: 1. Pay your property taxes. 2. Keep...
05/22/2026

A reverse mortgage is great, but it’s not a "free ride." You have three main duties:

1. Pay your property taxes.
2. Keep your home insurance active.
3. Keep the home in good repair.

Failing these can actually trigger a default!

Protect your home and your equity. I’m David Simmonds, and I help Ontarians navigate the fine print safely.

Contact me to get started.

Inflation is hitting Ontario hard.From grocery bills to property taxes, the cost of living has skyrocketed. Many retiree...
05/20/2026

Inflation is hitting Ontario hard.

From grocery bills to property taxes, the cost of living has skyrocketed.

Many retirees are turning to reverse mortgages not just for "luxury" travel, but to create a monthly "pension" from their own home.

It’s a strategic way to maintain your lifestyle without moving to a smaller, unfamiliar neighborhood.

Don't let inflation shrink your lifestyle. Start finding solutions with me, David Simmonds, and breathe easy again.

05/18/2026

Here’s the exact Ontario roadmap to a stress-free reverse mortgage process in 2026.

Each step includes what to watch for, timelines, and why it protects you. Eligibility is straightforward (55+, primary residence, minimum $250k value), but the ILA step is non-negotiable and worth every penny.

Ontario advantage: strong home values mean higher borrowing power, and the entire process can take just 2 to 4 weeks once documents are ready.

Ready to take Step 1 with full confidence?

Start finding solutions with me, David Simmonds.

Thinking about a reverse mortgage in Ontario? It’s simpler than you think, but there are three "Must-Haves" before you a...
05/15/2026

Thinking about a reverse mortgage in Ontario?

It’s simpler than you think, but there are three "Must-Haves" before you apply.

We look at your age, your property type, and your location.

Most importantly, you must have enough equity to pay off any existing traditional mortgages first.

Ready to see if you qualify? Start finding solutions with me, David Simmonds, and let’s unlock your home’s potential.

Ontario seniors: your 2026 reverse mortgage checklist before you even talk to a lender.1. Confirm you’re 55+ and home is...
05/13/2026

Ontario seniors: your 2026 reverse mortgage checklist before you even talk to a lender.

1. Confirm you’re 55+ and home is primary residence (min $200k value).
2. Budget for ILA, mandatory and worth every dollar.
3. Understand NNEG (No-Negative Equity Guarantee) protects your family 100%.
4. Plan to keep paying property taxes & insurance.
5. Run the 5 to 10 year balance projection.

Do these and you avoid 95% of the horror stories you see online.

Reverse mortgages can be a smart, tax-free tool when used correctly, but only after you’ve looked at the full picture with an independent advisor.

Ready to explore if it fits your Ontario retirement plan? DM me or book a no-pressure call with David Simmonds.

I’ll show you the numbers, alternatives, and exactly what it means for you and your family.

05/11/2026

One of the biggest fears I hear is: “If I take a reverse mortgage, does the bank own my house?”

The short answer? No.

You remain the registered owner on the title.

You decide when to sell, how to renovate, and when to move.

The bank simply holds a charge against the property, similar to a traditional mortgage.

The only difference? You aren’t forced to make monthly principal or interest payments.

Stop letting myths dictate your retirement. Start finding solutions with me, David Simmonds, and let’s secure your home’s future.

Before you sign anything in Ontario, arm yourself with these 7 critical questions. Current 2026 rates, costs, and rules ...
05/07/2026

Before you sign anything in Ontario, arm yourself with these 7 critical questions.

Current 2026 rates, costs, and rules can feel overwhelming.

Ready to get personalized answers that fit your exact home and retirement goals?

Start finding solutions with me, David Simmonds.

05/01/2026

The CRA uses automated review systems.

Common triggers:
• Sudden income drops
• Excessive deductions
• Unreported T-slips
• Lifestyle inconsistent with income

The solution isn’t under-claiming.
It’s proper documentation.

Let’s strengthen your return before submission, David Simmonds

Address

London, ON
N6B2P4

Telephone

+15194035020

Website

https://linktr.ee/davidsimmonds

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