Myths and facts of reverse mortgages
Although there is growing interest in this financial product, which allows Canadians to borrow up to 55% of their home’s value, some misconceptions still persist. We’ve fact-checked the seven most common myths about reverse mortgages.
Original Article Source Credits: MoneySense, https://www.moneysense.ca/
Article Written By: Tamar Satov
Original Article Posted on: 30th September 2020
Link to Original Article: https://www.moneysense.ca/spend/real-estate/myths-and-facts-of-reverse-mortgages/