Is a Reverse Mortgage a Good Idea for Seniors?

In the last couple of decades, Canadians have seen incredible growth in home values. So if you’re one of the lucky folks that bought a home early and held, you’re probably eyeing some of that home equity to fund your retirement with a reverse mortgage. You have two options at this point. Either sell your…

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How to refinance your mortgage to consolidate debt

When debt begins to pile up, there’s only so much you can do to stay ahead. In times like these, it just takes one letdown or one slip before you find that your finances are circling the drain. This is a common scenario for millions of Canadians, so there’s no need to feel guilt or…

What are the disadvantage of a reverse mortgage?

Ads for reverse mortgages have been floating around more often lately. They’re a great option for many, but there are also some misconceptions leaving people wondering, “what are the disadvantage of a reverse mortgage?” A reverse mortgage is not too difficult to understand, but there are pros and cons that go along with one (just…

Credit score vs. Beacon score

Is the credit score you see different from what your mortgage lender sees? Short answer… Yes. In this article we discuss the difference (and why it matters).

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