Reverse Mortgage

/Tag: Reverse Mortgage

A Step-by-Step Guide to Mortgage Refinancing in Canada

For the majority of homeowners refinancing their mortgage is something that they will have to strongly consider - if not do - at some point during their mortgage term. The Canadian Mortgage and Housing Corporation, also known as the CMHC define mortgage refinancing as a kind of financing that allows homeowners to pay back their [...]

By |2019-08-28T20:28:08+00:00April 2nd, 2019|Debt management|Comments Off on A Step-by-Step Guide to Mortgage Refinancing in Canada

Canadian home prices dip for first time since fall, 2010

House prices slip Home prices in Canada dipped 0.2 per cent in November from a month earlier, according to a new measure, marking the first drop since the fall of 2010. Prices fell in eight of the regions measured by the Teranet-National Bank index, notably in Calgary, where prices slipped 1.6 per cent, and Vancouver, [...]

By |2019-08-28T20:28:40+00:00January 26th, 2012|Economy|Comments Off on Canadian home prices dip for first time since fall, 2010

The PROS and CONS of “A Reverse Mortgage”

While reverse mortgages are controversial, they are becoming increasingly popular in Canada. It’s a plan that gives older Canadians greater financial security. A reverse mortgage is a type of home loan that allows homeowners to convert a part of the equity in their home into cash. Through this mortgage, the homeowners in Canada can obtain [...]

By |2011-08-27T03:03:41+00:00August 27th, 2011|Reverse Mortgage|Comments Off on The PROS and CONS of “A Reverse Mortgage”