Is a Reverse Mortgage a Good Idea?
More and more, Canadian homeowners who are at least 55 years old are choosing a financial product called a reverse mortgage. But what is a reverse mortgage and is it the right decision for you? What is a reverse mortgage? Essentially a reverse mortgage is, is a loan that allows you to borrow from the […]
Can you use a reverse mortgage to purchase a new home?
Many Canadians view reverse mortgages as a way to increase their retirement income or to pay for travel or home renovations, etc. When used in this way, a reverse mortgage is similar to a mortgage refinance – borrowing money from your home equity in order to get the cash that you need. More and more, […]
Why You Should Consider a Reverse Mortgage?
If you have worked hard all your life, it is possible that you may still feel that you can’t afford to retire and have the lifestyle you’ve dreamed about. In fact, many Canadians today have a hard time saving enough to enjoy the type of retirement that they want to have. One solution to this […]
