When hearing the words “Reverse Mortgage” some people cringe, and maybe rightly so. Reverse Mortgages had quite the reputation in the past. But not anymore 🙂  It was thought a Reverse Mortgage would cheat seniors out of their money or steal their homes. That is not the case, at least not now, nothing could be […]

As with any mortgage amount you would borrow, and a reverse mortgage is no different, make sure you consider the pros and cons carefully. Pros You don’t have to make any payments. You can turn some of the value of your home into cash, without having to sell or move. The money 100% Tax Free. […]

I had a lovely chat with a young friend the other day and Reverse Mortgages came up in our conversation. She said that she would be really upset if her mum went short of anything in her retirement just because she wanted to leave her children as much as she could. She wants her mum […]

Phew! Having a website is hard work, I had no idea! 😉  After coming up with ideas and writing the information on Reverse Mortgages, I thought that was it! Little did I know. LOL. It was suggested that I should get my photo taken, so I did.  Then, after much procrastination, I had a video […]

It’s important for older Canadians to know that financial solutions do exist. They can live out retirement in comfort, safety and without any financial worries. They deserve respect, dignity and choices in retirement!

Don’t you think quality of life is very important? I do, truly. Recently, we had a couple who have scrimped and saved all their lives to pay their mortgage and bills on time. They have been retired for quite a few years and are living on government pensions. They use the food bank each week […]

We have all heard horror stories about Reverse Mortgages, I know I have.  That’s why it’s so important to get the FACTS!  

A large misconception about Reverse Mortgages is that the bank will own your home. Not true…YOU DO. You maintain ownership of your home NOT the bank.  

As with any loan or mortgage there is always interest to pay. I know, it’s not fun, but hey! With a Reverse Mortgage it’s INTEREST ONLY that is added to the mortgage each month, not a FULL mortgage payment plus interest.

With a reverse mortgage you can choose to live your retirement with zero montly payments…ahhh wonderful! 😉  OR, you can choose to pay the interest each month. Whatever you are more comfortable with, the choice is YOURS.