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 […]

While in our twenties and thirties we drilled down on our mortgages to pay them off. So it’s understandable that people baulk when we talk about reverse mortgages. We need to try to change our way of thinking. What’s important at this time of our lives is the QUALITY OF LIFE! Now more than ever, […]

Did you know that many financial professionals recommend a reverse mortgage to supplement monthly income instead of selling and downsizing, or taking out a conventional mortgage or a line of credit! 🙂

Many people for many years, have been carrying $20 – $50K and perhaps more, in credit card debt at 20%, and yet when it comes to a reverse mortgage at 4% it is seen as expensive…I know, I get it! 😉 I would say that for most of us, we are concerned about having any […]

Graeme Moss, Fair Mortgage Solutions and myself had a lot of fun making the vidoes for TikTok. A couple of Graeme’s videos have already been posted to TikTok. Check them out! Graeme Moss, Fair Mortgage Solutions “Tips & Tricks.” Graeme provides mortgage information and advise that you may find helpful.   As for my videos […]

Ever heard of Tik Tok? I’m not even sure if this is the correct spelling! 😉 lol   Well, we’re going to post a video on Tik Tok very shortly. It will be a lot of fun. I’ll keep you posted……stay tuned! Haha  

Whoever said that at a certain age we should give up the ghost? Time to sell and move to a retirement home! Not me nor anyone I know. We’re far too young for that gobbledygook! Let’s talk again in 20 years! 🙂 LOL