Reverse Mortgage Costs And Fees

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 …

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. The problem is that rates are particular to an individual. This is actually also the case for a traditional mortgage – just that most people don’t know this and many sites play a ‘bait and switch‘ type game by advertising …

Pros And Cons Of A Reverse Mortgage

Cons Of A Reverse Mortgage

In  this article we thought we would outline the real pros and cons of a reverse mortgage. Like any financial decision, there are both advantages and disadvantages that need to be considered. As the leading specialists in Canada, we believe in objectively showing you both the advantages and the disadvantages of a reverse mortgage – …

Alternatives To A Reverse Mortgage

Alternatives To A Reverse Mortgage

Before I examine the alternatives to a reverse mortgage, I should reveal that I think is a fantastic product, especially in today’s age where many people find themselves to be ‘house rich’ but ‘cash poor’. But do I think it the best solution for absolutely everyone?  Of course not. Are there alternatives out there?  Yes. Are the …

Examining The Bad Reputation Of Reverse Mortgages

Reverse Mortgage House

There are many people out there who do not believe in Reverse Mortgages in Canada. I used to be one of them. Then I learned more about the product and now I can see it can and has benefited many people. And yes, of course, there are people who a reverse mortgage is not right …

The 400 Year History Of Reverse Mortgages

Reverse mortgages have been around for over 400 years, yet they are still often misunderstood in Canada. In order to address the misconceptions, it is useful to examine the history of reverse mortgages and how they have evolved over time. 400 Years of History The concept of seniors not having enough money to enjoy their …

When Is A Reverse Mortgage Not Right For You?

When A Reverse Mortgage Isnt Right For You

A reverse mortgage in Canada 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 …