Is A Reverse Mortgage Right For You?
Have you heard of the HomeEquity Bank reverse mortgage yet? If you are a Canadian homeowner aged 55 or older, a reverse mortgage product may just be right for you. A reverse mortgage allows you to unlock some of the equity in your home in the form of cold hard cash, all without credit checks …
Why Reverse Mortgages Are the Fastest Growing Products in Canada
Did you know that reverse mortgage products are the fastest growing mortgage products in Canada? Due to the growing popularity of reverse mortgages, we thought we would share some of the top reasons why reverse mortgages are on older homeowner’s minds now more than ever. First, Canada has an aging population, and this means that …
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How to Start Retirement Planning in Canada
If retirement is still a few years away for you, why think about it now? With the increase in the cost of living and the crazy real estate markets, many people have stopped planning for retirement in favour of the here and now. But planning for retirement doesn’t just have to be about taking away …
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Reverse Mortgage Demand Hits New High in Canada
Have you heard about reverse mortgages yet? Here in Canada, the demand for reverse mortgage products is growing every day, and for good reason! As a large part of Canada’s population continues to age into retirement, many people are turning to reverse mortgages to unlock their home equity. As of October 2018, the annualized pace …
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Mortgage Options For Seniors
If you are in your 50s or 60s and are approaching retirement, you have probably considered selling your home as a way to gain extra income for your retirement plans. If you haven’t considered selling now, it may have crossed your mind for the future when things begin to need maintenance or renovations. When this …
The Plain truth About Reverse Mortgages In Brampton
Want to know the plain truth about getting a reverse mortgage in Brampton? You have come to the right place! Although Canadians have had access to reverse mortgages for over 25 years, there are still many common misconceptions about them! To help you get the right facts, we have put together some information on reverse …
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Can You Sell Your Home With A Reverse Mortgage?
So, you are interested in a reverse mortgage product. One of the most commonly asked questions is about restrictions on selling a home that has a reverse mortgage attached to it. Further questions ask whether the value of a home will decrease as a result of a reverse mortgage product, and if the home will …
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Reverse Mortgages vs HELOC’s
There are plenty of reasons why you would want to take advantage of your home equity, and plenty more reasons why you would want to do this without having to sell your home. The first thing that homeowners think about when they want to do this is a Home Equity Line of Credit (HELOC). But …
Reverse Mortgage Cost & Fees
Have you heard about a reverse mortgage product? While they may sound like a great option, many clients often have questions about hidden fees that may come along with their reverse mortgage. So, is it really too good to be true? Below I have outlined all of the costs involved in setting up your own …
Reverse Mortgage Rates & Penalties
When my clients come into my office and inquire about reverse mortgages, one of the first things they ask about are my rates. While it is a perfectly valid question, the answer is often complicated. Reverse mortgage rates are particular to every individual, and because of this it can be difficult to generalize. What I …