Mortgage News & Articles
July 19, 2022
This is a Government Research Study on Reverse Mortgages. It’s legitimate… and it’s painless Please feel free to contact them with any experience(s) you have had with Reverse Mortgages.
July 19, 2022
There’s lots of talk about the incredible growth of Reverse Mortgages. The most important reason is that more than 25% of all Canadians qualify for a reverse mortgage and while that doesn’t mean that 1 in every 4 people will be looking for one, it does mean that many people will be thinking about reverse […]
May 31, 2022
Reverse mortgages work very much like a home equity line of credit and are typically used by homeowners to take advantage of the equity that’s built up in their home. And given the increase in home values over the past 5 years, it’s easy to see that many homeowners have significantly more equity in their […]
May 31, 2022
Safeguards No Negative Equity Guarantee. Many people think that if your home has depreciated in value at the time it is sold, you or your heirs will end up owing more than the house is worth. With the No Negative Equity Guarantee, you are ensured that as long as you meet your mortgage obligations, home […]
May 31, 2022
Safeguards Homes typically appreciate in value. The total value of your home is likely to appreciate over time, especially if it is located in a major city. Meanwhile, only the interest on the borrowed amount accrues. Even a modest home appreciation allows for equity preservation. This is why over 99% of homeowners have money left […]
May 31, 2022
Safeguards You will always retain title and ownership of your home. Your home is used to secure the loan – just like a regular mortgage – you do not transfer home ownership to the bank and you remain on title as the homeowner. Lending amounts are conservative. You may be able to borrow up to […]
May 31, 2022
For more than three decades, reverse mortgages has enabled tens of thousands of people across the country to access up to 55% of the value of their home, not just boosting their finances but providing them with freedom and flexibility. BUT, despite this proven track record, misconceptions around how a reverse mortgage actually works persist. […]
May 24, 2022
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
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 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 […]