Mortgages
How a reverse mortgage works
Did you know that over 25% of Canadians aged 55 and older are considering a reverse mortgage? With home values skyrocketing across the country, homeowners nearing or already in retirement are exploring the benefits of a reverse mortgage to tap into their home equity. But is this retirement planning tool worth it?
In this comprehensive guide, we examine how a reverse mortgage works in Canada and dive into the pros and cons to help you decide if a reverse mortgage is the right choice for your financial future.