Canadian Finance Blog
Canadian Finance Blog |
Six Benefits of Taking a Reverse Mortgage in Canada Posted: 22 Jul 2010 02:00 AM PDT While reverse mortgages are controversial, they are becoming increasingly popular in Canada. It’s a plan that gives older Canadians greater financial security. A reverse mortgage is a type of home loan that allows homeowners to convert a part of the equity in their home into cash. Through this mortgage, the homeowners in Canada can obtain cash, without having to sell their home. However, one can qualify for this loan if they are at least 60 years old and owns their home or condo. Benefits of taking a reverse mortgage in Canada
The demand for reverse mortgage in Canada is increasing because of the above mentioned benefits. If you are planning to take this mortgage, then you can consult a mortgage specialist for further information and advice. Bio: This guest post was written by Neil, who writes about mortgages at MortgageFit.com. Copyright © 2010 The use of this content on websites other than Canadian Finance Blog breaches copyright. The majority of images are licensed through Bigstock for Canadian Finance Blog. Images used on another site without being licensed constitutes a second act of copyright infringement. Digital Fingerprint: hfv843h7g8548bvisdhjvhgb91ikedx013kde0kx90jxc9sjc4km21k5m4ok (209.85.224.83) Related Posts: |
You are subscribed to email updates from Canadian Finance Blog To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
Google Inc., 20 West Kinzie, Chicago IL USA 60610 |
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home