Common myths and misconceptions about reverse mortgages
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.
Original Article Source Credits: MORTGAGE BROKER NEWS , https://www.mortgagebrokernews.ca/
Article Written By: Kasi Johnston
Original Article Posted on: 01 Jun 2020