Considering a reverse mortgage? Heres what you need to know

Author: External Author | | Categories: Debt Consolidation , First Time Home Buyer Mortgage , Mortgage Broker , Mortgage Calculator , Mortgage Rates , Private Equity Investors , Private Mortgage Lending , Refinance Mortgage , Reverse Mortgage , Royal Canadian Legion , Self Employed Mortgage

Mortgage Broker Bradford

While a conventional mortgage advances you funds in order to buy a house, a reverse mortgage is just the opposite: It advances you funds from the house you already own. In this era of declining pensions, increased longevity and costly long-term care, are reverse mortgages a godsend? 

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Original Article Source Credits: Money Sense , https://www.moneysense.ca/

Article Written By: Alexandra Macquee

Original Article Posted on : Nov 4, 2019

Link to Original Article: https://www.moneysense.ca/spend/real-estate/how-does-reverse-mortgage-work/



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