Advice And Articles
Discover everything you need to know about reverse mortgage - but before reading these articles, make sure and download my reverse mortgages guide to get the inside secrets on how a reverse mortgage works.
Otherwise the articles I've written below go into more detail - above and beyond what's contained in the free guide - to help you learn more about how reverse mortgages work, how they can help you, as well as provide alternatives and insights into other options so you can determine which option is the right one for you.
Home Equity – What is It And Why Is It Important?
Home equity is the actual value you have in your home. It is the difference between the market value of your home, and any debt, such as a mortgage, that you owe on your home. For example, if your home is worth $500,000, and you have a mortgage of $100,000, your equity is $400,000. This… Continue Reading Home Equity – What is It And Why Is It Important?
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Why I Believe In Reverse Mortgages
There was a 62-year-old husband and his 61-year-old wife living in Kelowna, BC. One day the husband had a massive heart attack and died instantly. Insurance paid off all the debts. The husband had always looked after the financial affairs. The widow knew nothing about financial matters and couldn’t even balance a cheque book. The… Continue Reading Why I Believe In Reverse Mortgages
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Retirement Planning Tips
One is never too old or too young to get started on retirement planning. People want to enjoy their senior years and the only way to do that is to plan for it long before the big day that you finally say goodbye to your job and start living on your benefits and pension. Did… Continue Reading Retirement Planning Tips
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Best Golf Courses in Canada for Retirees
Introduction: Retirement is all about mortgages and finances. On April 22, 2010, the Royal Canadian Golf Association reported its name change to Golf Canada. Golf Canada will hold its ancestor’s part in keeping up and developing the game in Canada, alongside propelling another participation program to help finance its beginner and junior projects while giving… Continue Reading Best Golf Courses in Canada for Retirees
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Using A Reverse Mortgage To Help The Kids (Buy A Home)
For this month, we wanted to highlight another recent reverse mortgage deal. In this story we will showcase a deal where: 1. A reverse mortgage was used to help the kids buy their first home 2. There was absolutely zero loss of equity due to the way it was setup (Names and client information have… Continue Reading Using A Reverse Mortgage To Help The Kids (Buy A Home)
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Financial Tips For Seniors
Did you know that one in three people aged 65 and above – in North America – are suffering from economic insecurity? This means that they don’t have enough money to pay for their basic needs like food, shelter, and medical needs. According to the National Council on Aging, the numbers will continue to rise with… Continue Reading Financial Tips For Seniors
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Retirement Activities – Things To Do In Your Retirement
“Always being in a hurry does not prevent death; neither does going slowly prevent living” – Ibo Proverb This African proverb is a fine example of how you can embrace your new retirement phase. Retirement planning includes thinking about what you want to do with your hard earned free time. A new metamorphosis of life… Continue Reading Retirement Activities – Things To Do In Your Retirement
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Key Reverse Mortgage Features You Should Know
A reverse mortgage allows you to access the equity in your home if you are 55 and over without having to worry about repaying your loan or interest until you sell or move. The CHIP Reverse Mortgage is provided by HomEquity Bank – who are the a federally regulated Canadian bank. Key Features Of… Continue Reading Key Reverse Mortgage Features You Should Know
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Qualifying Rules And Processes
So you’ve heard all about how a Reverse Mortgage can allow you to use the equity in your home and enjoy your retirement in financial freedom. But how do you qualify? See the CHIP Reverse Mortgage video below to learn more about the Reverse Mortgage qualifications. https://www.youtube.com/watch?v=pBj72_kx6uU#action=share Reverse Mortgage Eligibility Qualifying for a… Continue Reading Qualifying Rules And Processes
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Investment Planning for Retirement
Investment Planning is the putting of assets into the best possible speculation vehicles in light of the financial specialist’s future objectives, time skyline, and needs. In a perfect world, appropriate venture arranging will enable the speculator’s assets to deliver monetary rewards after some time. Investment Planning for retirement Build a Total Return Portfolio One regular… Continue Reading Investment Planning for Retirement
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Insurance Options In Retirement
Insurance and pension plans have fallen and there are limited options to choose from when it comes to live life comfortably in your old age. Contrary to youth, old age has different needs and thus customized retirement plans that help live without further hassle become mandatory. Our senior mortgage advice is not just about mortgages… Continue Reading Insurance Options In Retirement
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Budgeting And Managing Finances
Budgeting and managing your finances Between overseeing retirement, paying bills, taking care of Mastercards, putting something aside for things in life you need and the sky is the limit from there, dealing with your monetary life can get troublesome. Because of this, we regularly searching for approaches to make dealing with our monetary life simpler… Continue Reading Budgeting And Managing Finances
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House Prices in Canada
Introduction Many people consider a move to Canada due to cheap housing rates. In recent years the Canadian dollar has strengthened which means new advents has very low purchasing power. House prices in major cities of Canada are much higher than those in small towns and cities. What do you need to know? If you… Continue Reading House Prices in Canada
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Retirees Short on Cash Find Relief
Rising costs of living are leaving many retirees worrying about whether they have enough income to cover their living expenses – everything from gas to food, let alone any home renovations or vacations. Simply maintaining their standard of living can be a challenge given rising prices but stabilizing income. Fortunately, there is a solution… Continue Reading Retirees Short on Cash Find Relief
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Current Rate Levels
Reverse Mortgages are becoming a popular way for Canadians 55 and over to access the equity in their home. And its no wonder – they allow you the financial freedom of seeing consistent loan amounts, without ever having to pay back the principal or interest until you either move or sell the home. Backed by… Continue Reading Current Rate Levels
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