Reverse Mortgages
Is a Reverse Mortgage The Right Choice For You?
Getting a reverse mortgage in Canada is not as hard as you think. It is a type of loan that allows seniors to borrow money against the equity in their home. The loan does not have to be repaid until the borrower passes away, moves, or permanently leaves the home.
For many seniors, a reverse mortgage can be a great way to supplement income and improve quality of life. However, there are some risks to consider before taking out a reverse mortgage.
How Does A Reverse Mortgage Work?
A reverse mortgage is a type of loan that allows seniors to borrow money against the equity in their home. The loan does not have to be repaid until the borrower passes away, moves, or permanently leaves the home.
For many seniors, a reverse mortgage can be a way to supplement their income and improve their quality of life. However, there are some risks to consider before taking out a reverse mortgage.
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