Downsizing vs reverse mortgage: which option is right for you?

Author: External Author | Feb 24, 2021 | Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Equity Line of Credit , Mortgage and Tax Arrears , Mortgage Renewal , Mortgage Services , New Home Purchase Mortgage , Private Mortgages , Purchase Plus Improvement Mortgage , Real Estate Investor , Refinance Mortgage , Reverse Mortgage

Depending on your age, where you live currently and where you want to live in retirement, selling your home and moving into a condo may not put you as far ahead financially as you need to be.

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Original Article Source Credits: MoneySense, https://www.moneysense.ca

Article Written By: TAMAR SATOV

Original Article Posted on: FEBRUARY 1, 2021

Link to Original Article: https://www.moneysense.ca/spend/real-estate/downsizing-vs-reverse-mortgage-which-option-is-right-for-you