Something that has always provided the media with a lot of ammunition on the daily news is the Reverse Mortgage product.
However, due to this media attention this is an often misunderstood mortgage product that is available to Canadians beginning at age 55+, as a certified CHIP Reverse Mortgage agent, determining if this product is appropriate for you or a loved one is a very important part of the process.
If you want to use your equity with no tax implications in the form of additional income, or one lump sum to fund a vacation or renovations, it is always a product worth considering
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