Mortgage News & Articles
September 13, 2022
A reverse mortgage is a loan secured against the value of your home. However, unlike a traditional Home Equity Line of Credit (HELOC) or a second mortgage, you are not required to make monthly mortgage payments for as long as you live in your home. AND, you maintain ownership and control over your home.
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September 1, 2022
The labour day holiday was first celebrated in 1894 and falls on the same day as labor day in America. The day is a celebration of workers rights in Canada and is a reminder to everyone of the progress that has been made over the last 150 years. Happy Labour Day Weekend!
August 31, 2022
Did you know…. A reverse mortgages can be used to buy another home? You can use a reverse mortgage to purchase real estate when other investments are not liquid. You can use it to make investment decisions AND it’s 100% tax-free. In fact, investment-minded seniors have been using reverse mortgages to supplement their lifestyles for […]
August 29, 2022
Kitchen Renovations – kitchen renovations, such as kitchen counter upgrades, are among the top three renovations with the highest return on investment in 27 of the 31 housing markets. These renovations typically have a home improvement return on investment between 75 and 100%. Paint – if you’re looking for an inexpensive way to increase your […]
August 25, 2022
More and more Canadians are recognizing the value of renovating key areas of their home, such as bathrooms and kitchens, which can yield as much as 100% or more as a return on investment. One of the many popular home renovations is creating an income suite. Unlike an in-law suite, income suites are primarily made […]
August 22, 2022
Sixty five percent of retirees who are still working said that it’s because they need the additional income, not because they like working for working’s sake! And a full 44% of working pre-retirement Canadians are anticipating that they’ll still be working full-time by age 66! Surely there’s more to life than just work? Quality of […]
August 10, 2022
Nearly a quarter of retired Canadians are forced to drastically cut down their on their expenses! Nearly three out of four Canadian seniors admitted that retirement is not working out as well as they anticipated. Having to significantly dial down their expenses, follow a strict budget and refrain from spending money on non-essential items. A […]
August 9, 2022
A reverse mortgage can give you access to your home equity in monthly or quarterly payments, improving your cashflow and giving you the flexibility to only borrow the money you need when you need it? Now, how sweet is that?
August 8, 2022
As I’m sure you know, 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 […]
July 26, 2022
Many seniors have been where you are, and many of them have able to turn things around with the help of a Reverse Mortgage. A reverse mortgage allows you to access up to 55% of the equity in your home, tax-free! With that money you are able to increase your cash flow, eliminate debt…even check […]