Category Archives

Reverse Mortgage

Debt ruining your retirement? Reverse Mortgage is the Solution.

 

 

 

According to the latest Statistics Canada report, almost 20% of seniors find it necessary to continue to work past their retirement, often citing financial obligations such as mortgages and debt repayment as key factors in their decision to do so.

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Sensible retirement solutions for financially savvy seniors


 

Max and Sandra, both 64, always thought that they would want to sell their home in downtown Toronto for a quieter cottage retirement in the North Bay area. Retiring at the start of the recession, the couple acted quickly and took advantage of low interest rates to purchase their dream retirement home by the lake. Learn More

Independent Retirement Courtesy of Your Home Equity

 

According to Statistics Canada the number of Canadians aged 65 and older will jump to about six million by 2016. As Canada’s population ages, a recent Ipsos Reid survey of Canadians aged 45 to 60 reveals that 61 per cent intend on remaining in their homes for as long as they can. The desire for Canadians to stay in their current homes increases as they grow older, according to the survey findings.

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Reverse Mortgages for Canadian Seniors – Real Story!

 

Reverse mortgages are becoming increasingly popular among Canadian seniors as a way to help equity-rich, yet cash poor seniors to live more comfortably. Some argue that there are potential problems for seniors who go this route for supplementing their monthly income. Avoiding Canada reverse mortgage problems begins with understanding reverse mortgage pros and cons.

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