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 …

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. 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‘ type game by advertising …

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 have talked about this many times before and the fact that …

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 a reverse mortgage 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? …