Costs And Fees For A Reverse Mortgage

Reverse Mortgage Costs Fees

Quite often we get asked the question about what hidden or buried costs there are in a reverse mortgage. This is largely because the whole product can come across of having a feeling of being too good to be true.  Being sceptical like this is a good thing considering how many financial products out there bury …

When Is A Reverse Mortgage Not Right For You?

When A Reverse Mortgage Isnt Right For You

A reverse mortgage isn’t always the right option depending on your situation. There are times when it may be better to take a look at some of the other financial options available to you before choosing to go with a reverse mortgage. It’s always a good idea to get independent advice about your personal finance …

Reverse Mortgage Rates And Penalties

Reverse Mortgage Rates And Penalties

Reverse mortgage rates and ‘what are your rates’ are very common questions that we get here on Reverse Mortgage Pros. The problem is that rates are particular to an individual. This is actually also the case for ‘normal’ mortgages – just that most people don’t know this and many sites play a ‘bait and switch‘ …

Top 8 Misconceptions About Reverse Mortgages

Top 8 Misconceptions About Reverse Mortgages

There is little doubt that reverse mortgages are one of the most misunderstood financial products in Canada. You might be wondering: where does this misunderstanding come from? Well we already know the answer, it is very simple.  This misunderstanding comes from the U.S.A. We at Reverse Mortgage Pros have talked about this many times before …

The ‘Reverse Mortgage Line Of Credit’

Reverse Mortgage Line Of Credit

  Many people find themselves in the situation where they are deciding between a Reverse Mortgage and a Home Equity Line Of Credit (HELOC).   So we thought we would take a look at the pros and cons of both and how you can combine both into a product that we call the ‘Reverse Mortgage Line …