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Canadian 55+ Facing a Double Edged Sword
in General Information/by Best Reverse Mortgages For CanadiansCanadian 55+ Facing a Double Edged Sword Canadian 55+ have been hit with a double-edged sword – rising interest rates combined with soaring prices of groceries and energy, has eroded purchasing power as pensions grossly lag inflation. Stats Canada reported a slight drop on inflation in September to 6.9% from 7.0% in August, which has […]
According to Statistics Canada more Canadians are heading into retirement carrying debt
in General Information/by Best Reverse Mortgages For CanadiansDid you know that more and more Canadians are heading into retirement carrying debt? According to Statistics Canada, 42% of households headed by someone 65+ are in this position, with 13.9% paying off a mortgage and 37.4% carrying consumer debt. This can put retired Canadians in a particularly difficult situation. According to the 2017 Canadian […]
Aging at Home
in General Information/by Best Reverse Mortgages For CanadiansHow a Reverse Mortgage Can Help Canadians with Aging at Home As we age most of us hope to move through the winter of our lives with grace, integrity and on our own terms. We want retirement to be our way! Reverse mortgages can help make this happen. A reverse mortgage allows you to stay […]