Top 3 Misconceptions About Reverse Mortgages
Tuesday Aug 21st, 2018
Share1. The Bank Owns Your Home. 2. Your Estate Can Owe More Than Your Home 3. The Best Time to take a Reverse Mortgage is at the End of Your Retirement Let’s examine each misconception in more detail. 1. The Bank Owns Your Home. Over 50% of Canadian homeowners over the age of 65, believe the bank owns your home once you’ve taken a reverse mortgage. Not true! We simply register our position on the title of the home, exactly... [read more]