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Mortgage Broker News | 31 Jul 2015, 09:00 AM Agree 0
Brokers are increasingly comfortable recommending reverse mortgages; but the truth is, not every client should get a reverse mortgage
  • Cheryl Batke | 31 Jul 2015, 09:53 PM Agree 0
    Reverse mortgages do not make sense for everyone and that is one of the reasons all applying are required to get Independent Legal counselling as well as the advice from their broker.
  • Omer Quenneville | 01 Aug 2015, 08:11 AM Agree 0
    While it is good to have the option on the table for a reverse mortgage, it is usually only a good idea after all other options have been exhausted.
  • Ross Kay | 03 Aug 2015, 03:23 PM Agree 0
    Equity Management in residential real estate is currently Canada's #1 Risk to the economy as it is not being proactively mitigated when it can fully be so today.

    This article exemplifies the problem. Assuming this lady is mortgage free, she has 88% of her retirement assets contained in residential real estate. My own clients had over 3 billion tied up this way and since most are under 65 reverse mortgages are too limiting. Alternative solutions were needed.

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