Reverse mortgage business is booming in Canada as seniors tap home equity to pay debts

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Mortgage Broker Bradford

Canada’s largest reverse mortgage lender posted record originations last year, with factors such as disappearing workplace pensions and stringent stress tests for borrowing pushing seniors to tap home equity in order to pay debts and fund their retirement.

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Original Article Source Credits: O.canada, https://o.canada.com/

Article Written By: BARBARA SHECTER 

Original Article Posted on : January 14, 2020

 

Link to Original Article: https://o.canada.com/real-estate/mortgages/reverse-mortgage-business-is-booming-in-canada-as-seniors-tap-home-equity-to-pay-debts/wcm/3ef17d55-fa74-436d-80b6-8238d903d0cf



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