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 ...

A reverse mortgage is a financial tool that empowers homeowners aged 55 or older to unlock up to 55% of their home's value as tax-free cash.

There are many types of mortgages in Canada. Common home loan options ... second mortgage they could apply for would be $100,000. A reverse mortgage is a loan product for homeowners who are ...

Equitable Bank is one of two providers of reverse mortgages in Canada. (The other is HomeEquity Bank.) Homeowners age 55 and above can borrow up to 59% of their home’s value with an Equitable ...

But you’ll almost certainly pay more for your home overall. The following primer on 30-year mortgages in Canada will help you decide if an extended mortgage amortization is right for you.

Because of the repayment structure, however, it can be better than a reverse mortgage, especially at today's lower rates. Unlike the latter which pays the homeowner, home equity loans will need to ...

Tim Nelson, reverse department manager at VIP Mortgage, is a 35-year veteran of the mortgage business, and he has been solely focused on reverse mortgages for the past 15 years. In this second ...