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in my newsletter and Blog editorials, I normally don't wade into the political fray, but there is a growing crisis in the 'Home Care' sector in Ontario that needs to be addressed. The following article was written in conjunction with the SSAO (Seniors for Social...

As a mortgage broker dealing regularly with clients having ‘Bruised’ or ‘Challenged’ credit (or any of the other euphemisms used to describe it!), I often notice a lack of awareness in terms  of the importance of acquiring and maintaining, a good credit score. The...

A Reverse Mortgage can be a boon for 'House Rich, Cash Poor' homeowners. Many retirees are finding that their pension incomes are not keeping pace with spiralling inflation. A great opportunity exists for financial advisors to assist clients looking to optimize...

What is a Reverse Mortgage? A Reverse Mortgage is a loan secured against the value of the home. Unlike a loan or a regular mortgage, with a Reverse Mortgage you are not required to make regular mortgage payments. The loan is repaid only when the homeowners no longer...

A number of myths and misconceptions about reverse mortgages have developed over time, mainly as a result of some bad actors from the past who offered a similar product. Mostly the misinformation tends to be spread by ill-informed 'luminaries' without any basis in...

One of the things that never ceases to amaze me is why most Realtors have not yet embraced the Reverse Mortgage product. With just a few exceptions, most of the realtors that I know seem to regard Reverse Mortgages as COMPETITION! Why not take a look at the largest...

The federal government unveiled its highly-anticipated Spring Budget on Thursday, April 5 which proposes an additional $20 million to support Canadian seniors. The government says it will allocate that $20 million over two years, starting in the 2022-2023 fiscal year,...

A client of mine living in the Clarington area was looking to get a line of credit for $150,000 on his property (worth, incidentally approx. $3 million!). He has a current mortgage of approximately $340,000, which was taken out at the time of purchase in 2020. The...

The following is excerpted from a recent article in Canadian Mortgage Trends, official newsletter of Mortgage Professionals Canada’s Perspectives magazine (Issue #3, 2021). It’s easy to forget the power of leverage. With $100,000 of income, a creditworthy borrower can...

The following information comes courtesy of Dan White, President, Tax Audit Solutions. This company has decades of experience in all areas of tax problems. They are Tax Representatives. Solving Tax Problems is their main focus. If you are in trouble trying to resolve...