So you’ve secured a rate and the rate dropped. What know? This is a conversation I have daily. Now I know when you are looking to refinance or obtain a new mortgage—one goal is usually top of mind: securing the lowest possible rate. Let’s face it, locking in a great rate can […]
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 […]
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 […]