Common myths and misconceptions about reverse mortgages

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Mortgage Renewal in Cambridge, ON

Though reverse mortgages have been available in Canada for many years, they remain a commonly misunderstood product. A reverse mortgage is unlike most traditional mortgage products; it’s a long-term financing solution that gives borrowers over 55 years old access to a portion of the equity that already exists in their home and turns it into payment free, tax-free cash.

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Original Article Source Credits: MORTGAGE BROKER NEWS ,

Article Written By:  Kasi Johnston

Original Article Posted on: 01 Jun 2020

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