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...
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...
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...
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...
