Mortgage News & Articles

May 24, 2022

Did you know?

Victoria Day has been observed in Canada since at least 1845, originally falling on Victoria’s actual birthday, May 24th. The holiday has always been a distinctly Canadian observance and continues to be celebrated across the country. It now falls on the Monday between the 18th and the 24th.   For most Canadians, Victoria Day unofficially […]
May 18, 2022

Reverse Mortgage Misconceptions – Installment 5.

And my last installment… 😮‍💨 Reverse Mortgage Misconceptions 5. Arranging a reverse mortgage is very expensive This is also untrue. Much like a conventional mortgage, reverse mortgages require you to pay for a property appraisal and independent legal advice. The only additional cost is a one-off closing and administration fee. When compared to the cost […]
May 18, 2022

Housing Affordability

Housing affordability in Canada is hitting all-time lows. Two of the country’s big banks have published reports in the past month putting affordability at its worst level in more than 30 years! Most young people believe they will never be able to afford a home of their own With a reverse mortgage, you could help […]
May 18, 2022

Reverse Mortgage Misconceptions – Installment 4.

The next installment of… Reverse Mortgage Misconceptions 4. If you fail to make payments it could result in eviction This is one of the most common misconceptions when it comes to reverse mortgages. Unless you choose otherwise, a reverse mortgage does not require any monthly payments, which means you never have to worry about missing […]
May 18, 2022

Reverse Mortgage Misconceptions – Installment 3.

Another riveting installment… Reverse Mortgage Misconceptions 3. You must be younger than 62 to receive a reverse mortgage If you are 55 or over you are eligible to apply for a reverse mortgage. In fact, the older you are, the more likely you may be to qualify for a higher loan amount!
April 29, 2022

This & That

Happy Friday! I’ve heard the weather is going to be nice this weekend, so try to get outside and enjoy some well deserved sunshine! Try to seize the moments while we can, the weather can go from this…. to that …very quickly! lol Have a fabulous weekend!
April 29, 2022

Reverse Mortgage Misconceptions – Installment 2.

The next fascinating installment…. 😉 Reverse Mortgage Misconceptions. 2. You will owe more than the value of your home With the No Negative Equity Guarantee, the amount you will have to pay will not exceed the fair market value of your home as long as you meet your obligations. In fact, over 99% of Canadians […]
April 29, 2022

How much do you really know about Reverse Mortgages?

How much do you really know about reverse mortgages? Maybe you know that reverse mortgages can help Canadians 55+ access the equity in their home, tax-free Maybe you know that tens of thousands of Canadians are using a reverse mortgage as part of their financial plan BUT, do you know the five common misconceptions around […]
April 27, 2022

New Roof, House Repairs?

Your home is your biggest financial investment. It can offer more than protection to you and your family; it can also provide a financial resource when needed. New roof, house repairs, kitchen updating, car repairs, and/or additional cash flow. A reverse mortgage might be the solution. Want to know more about reverse mortgages? Call me […]
April 27, 2022

Make a List, Check it Twice

No two retirements are the same, which is why a reverse mortgage may be ideal for some and not as advantageous for others. As you move forward with your retirement planning, why not make a list of reverse mortgage pros and cons. This might help point you in the retirement direction you need to take. Cons […]
(905) 870-5726