by Terry Lynch | May 31, 2022 | Articles
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... 
by Terry Lynch | May 17, 2022 | Articles
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... 
by Terry Lynch | Apr 11, 2022 | Articles
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,... 
by Terry Lynch | Apr 6, 2022 | Articles
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... 
by Terry Lynch | Nov 28, 2021 | Articles
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... 
by Terry Lynch | Nov 17, 2021 | Articles
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...
