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We’re welcoming Kim Nguyen back for our Mortgage Monday series. Now we’ve all heard about reverse mortgages at some point, either on the television or on the radio but what are they really? With housing prices higher than ever across all of Canada, purchasing a home, especially for those of us who are younger and new to the workforce, seems like a pipe dream. Today, we’ll talk about how some families are using reverse mortgages as a way to pass down generational wealth and help the next generation get a leg up in the housing market. They are, of course, still a way to access your home equity as a source of income and we talk about that as well.
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Please enjoy and stay safe everyone!
For more information, Kim can be reached at firstname.lastname@example.org