New Roof, House Repairs?April 27, 2022
Reverse Mortgage Misconceptions – Installment 2.April 29, 2022
How much do you really know about reverse mortgages?
Maybe you know that reverse mortgages can help Canadians 55+ access the equity in their home, tax-free
Maybe you know that tens of thousands of Canadians are using a reverse mortgage as part of their financial plan
BUT, do you know the five common misconceptions around reverse mortgages? Well let’s help set the record straight:
1. You will no longer own your home…
Nothing could be further from the truth. You will always maintain title, ownership and control of your home – the bank simply has a first mortgage on the title, just like any other mortgage.
More to come…
Tune in for the next exciting installment of ‘Reverse Mortgage Misconceptions.’