Mortgage News & Articles

November 11, 2021

Let’s Talk Pros and Cons

No two retirements are the same, which is why a reverse mortgage may be ideal for some and not for others. As you continue to explore your retirement options, remember to check Canadian sites, reverse mortgages in USA are quite different. Knowing the facts can help you decide whether a reverse mortgage will help you […]
November 2, 2021

Did you know?

As with a “regular” mortgage you can get a variable-rate or fixed-rate reverse mortgage! 🙂 Your interest rate will change as the prime rate changes. Rate changes are usually announced at eight Bank of Canada meetings a year, with a typical change of 0.25%; very seldom have there been two consecutive increases, so there’s unlikely […]
November 2, 2021

How Do Reverse Mortgages Work?

Reverse mortgages are a fantastic lending option for qualifying seniors with sizable home equity - there’s no better person to borrow from than yourself. Learn more about how reverse mortgages in Canada work in our quick guide below!
October 27, 2021

Feeling Comfortable?

Over 93% of senior Canadian homeowners would like to retire where they feel most comfortable, in a home they love. Working with the major Canadian lenders I can offer the best solution for your situation and will provide you with all the facts before you make a decision. Call or send an email, whatever is […]
October 27, 2021

Happy, Happy, Happy!

We have just closed a reverse mortgage for another happy client and of course, his happy puppy! First thing on the shopping list besides a nice chew toy, is a nice new truck! His present truck is 18 years old and is costing more money for repairs than it’s worth. You know what I think? […]
October 1, 2021

Pandemic & Retirement

Pandemic and Retirement do not go hand in hand. In fact, the pandemic does not go hand in hand at any stage in life. So many people’s retirement plans has been derailed by the pandemic. 68% of Canadian seniors have had to dip into their emergency funds or savings to cover unexpected expenses. But what’s […]
October 1, 2021

Happy & Secure

It’s so heartwarming and gratifying to see how a reverse mortgage can improve my clients lives. It’s almost like a load has been lifted of their shoulders. With some, it’s the difference between day and night. Now they have the money available to live a more comfortable life in their own home and the cash […]
September 18, 2021

Popular Or What?

Reverse mortgages continue to gain popularity for Canadian homeowners aged 55 and over. One reason for the increased popularity…..simple necessity! Many retired Canadians are looking for options to increase their cash flow to help with everyday life expenses. In addition, there’s a growing preference to remain at home for as long as possible. Doing so […]
September 17, 2021

What To Do…..What To Do!

Before getting a reverse mortgage, any outstanding loans or lines of credit that are secured by your home must be payed off.  This can include an existing mortgage. You can use the money you get from a reverse mortgage to do this. You can use the remainder for anything you wish, such as to: pay […]
September 8, 2021

True or False (episode #3)

Reverse mortgages have much higher interest rates than traditional mortgages False. While interest rates on a reverse mortgage are slightly higher than a traditional mortgage, the difference is not excessive. Many retired Canadians are choosing reverse mortgages over traditional mortgages. Most likely they would struggle to qualify for a traditional mortgage and making monthly mortgage […]
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