The client came in quite timid and embarrassed about her financial situation. She is 56 years old and on a limited income however she did own her home with only a small mortgage remaining.
The clients were a wonderful vibrant couple of 80+ years young living in Northern British Columbia. They wanted to go in together with their son on a rental property in the hot real estate market of Southern British Columbia.
Reverse Mortgages offer Canadian seniors a tremendous opportunity to tap into existing equity to help reduce day to day cash flow issues. The rates for this are higher than a…
Although the benefits of a Reverse Mortgage are tremendous there is an abundance of misinformation regarding this product that needs to be cleared up. These are five myths & misconceptions that we commonly hear.
Although the benefits of a Reverse Mortgage are tremendous I would be remiss if I didn’t discuss some of the perceived disadvantages of the Reverse Mortgage.