Considering a reverse mortgage? Heres what you need to know
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?
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/