Top 3 Misconceptions About Reverse Mortgages

Tuesday Aug 21st, 2018

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 1. 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]

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