Insights - Reverse Mortgage

7 Reverse Mortgage Myths That Cost Affluent Homeowners Money

Few financial products are as misunderstood as the reverse mortgage. Here are the seven we hear most, and the facts. Myth 1: “The bank owns your home.” Fact: You retain...

Talking to Your Adult Children About a Reverse Mortgage

For many homeowners, the hardest part of a reverse mortgage isn’t the paperwork or the numbers. It’s the conversation with the kids. Will they think I’m being reckless? Will they...

What a Reverse Mortgage Costs: Rates, Fees, and the Annual Percentage Rate (APR)

Here’s a clear, breakdown of reverse mortgage costs, and the one figure you should actually compare lenders on. 1. The interest rate This is the cost most people fixate on,...

Will a Reverse Mortgage Affect My OAS, CPP, or Estate?

Two worries stop more people from exploring a reverse mortgage than any others: Will this claw back my government benefits? and Will I leave my family with a debt? Here’s...

Reverse Mortgage vs. HELOC in Retirement: Which Protects Your Equity?

Reverse mortgage vs HELOC? On paper, a home equity line of credit looks like the obvious winner. The interest rate is generally lower, you only pay interest on what you...

Is a Reverse Mortgage a Good Idea for Homeowners who are 55+? (When It Is, and When It Isn’t)

There’s a stubborn myth that a reverse mortgage is a last resort, something you turn to only when you’ve run out of other options. For an affluent homeowner with substantial...

Reverse Mortgage vs. Selling Your Home

For many Vancouver homeowners over 65, the reverse mortgage vs selling home decision comes down to one asset you own, and often the bulk of your net worth. When you...

Is Your Home Already the Answer? A Self-Check for Homeowners 55+

If you’ve been quietly asking yourself is a reverse mortgage right for me, you’ve probably sensed that your own home could solve a problem you’re facing a cashflow squeeze, a...

A Living Legacy: Helping Your Family Without Leaving Your Home

Gifting a down payment in Canada has become the way many parents over 55 change their children’s lives while they are here to see it. It’s a very different feeling...

Aging at Home With Care: Paying for In-Home Support

Paying for home care in Canada is the question behind almost every family conversation about staying in the house versus moving to a facility. But there’s a frequently overlooked path: bringing...