55+ Mortgages – Mortgage In The City

Reverse Mortgage FAQ

Posted on 13 August 2024 by Denise Pisani

Will a reverse mortgage affect my credit score? While a reverse mortgage doesn’t directly impact your credit score, using the funds to pay off existing debts could actually boost your credit profile and increase your score! It’s a win-win. Are reverse mortgage payments taxable? Nope! The money you receive from a reverse mortgage isn’t […]

Reverse Mortgages: A Simple Solution for Canadian Homeowners

Posted on 13 August 2024 by Denise Pisani

As a mortgage broker, I often speak with clients aged 55+ who are looking for ways to supplement their retirement income or cover unexpected expenses. A reverse mortgage can be a great solution for many Canadians in this situation. Many Canadians are looking for ways to bolster their retirement income, handle unexpected expenses, or simply […]