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 […]

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? […]

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 […]

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 […]

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 […]

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 […]

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 […]

And now for the next exciting installment of Reverse Mortgage Myths!!   Failure to make payments can result in eviction False. This is one of the most common myths when it comes to reverse mortgages. Your Reverse Mortgage does not require any monthly payments, meaning you can’t miss payments in the first place! 😉   Reverse […]

I thought I might write a couple of blogs on Reverse Mortgages Myths…sort of like a mini series!! Great idea, right? 😉 And I will start with what I believe is Number 1. I Will No Longer Own My Home False. You always maintain title, ownership and control of your home. I Will Owe More […]