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7 Common Uses of Reverse Mortgages

7 Common Uses of Reverse Mortgages

I wanted to take a moment and share some information with you about a product that is becoming popular with Canadians aged 55 and older. Reverse Mortgages This unique financial tool offers many benefits that no other product can offer. With Reverse Mortgages in...
Alternative to Downsizing a Home

Alternative to Downsizing a Home

Downsizing a home over getting a reverse mortgage is often seen as the safe choice, but watch out – the numerous expenses can add up. Costs of downsizing a home: Expenses include: Canadian Land Transfer Tax ( 1% of the 1st $200,000 PLUS 2% for the amount between...
4 Reverse Mortgage Myths Defeated

4 Reverse Mortgage Myths Defeated

Reverse mortgages have come a long way. They have evolved from a needs-based product to a solution that many financial planners recommend as an important component of a comprehensive retirement plan. Unfortunately, there are still many reverse mortgage myths out...