Blog

 
Back to Blog
Reverse Mortgages - The Facts

There is confusion as to what reverse mortgages are based on information obtained perhaps 20 years ago… or US media coverage, or possibly the fact that a reverse mortgage is designed to be a long term life mortgage if the client wishes. A reverse mortgage isn't for everyone & a line of credit may be better as long as one can qualify it. If a retired person is equity rich with the value in their home but cash poor then a line of credit or a reverse mortgage are two options for obtaining money required to pay bills or too supplement monthly or annual income.
 
Let’s separate fact from fiction in the marketplace. Here's the Top 10 reverse mortgage facts provided by CHIP Home Equity Bank
 

Newsletter

*indicates required fields.
Name:*
Email:*

Meet the team

  • Will Pratt
  • Justin Sabbagh
  • Mike Wilcox

Mortgage Calculator

Purchase Amount:
Down Payment:
Interest Rate:
%
Payment Interval:
Mortgage Term (Years)
Payment:
Total Payments:
Total Amount Paid:
Total Interest Paid:

Neighbourhoods