As Canadians approach retirement or enjoy their golden years, many are exploring options to leverage their home equity to support their financial goals. One such option that has gained popularity is the reverse mortgage. But what exactly is a reverse mortgage, and how does it work? Let’s dive in. What is a Reverse Mortgage? A…

Retirement is a milestone that many look forward to, offering the chance to enjoy more leisure time, travel, and quality time with loved ones. But for some, managing finances during retirement can be a challenge, especially if home equity is a significant part of their financial picture. That’s where a reverse mortgage can become a…

An appraisal is the best way to estimate your property’s fair market value based on the location, condition and recent sales of similar homes in the surrounding area. Beyond an estimate of how much your property is worth, an appraisal also indicates the amount a lender will let you borrow for a property. An appraisal…