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Canadian Reverse Mortgages

What is a Reverse Mortgage?

Mortgages come in all shapes and sizes. While we are generally aware of fixed and variable, there are literally dozens of mortgage products out there. One of those types is a reverse mortgage. Most Canadians have only a baseline knowledge of mortgages in general, let alone a more complicated one like the reverse mortgage. This […]

Downsides of a Reverse Mortgage

Whether you are looking for your first home, to re-finance your current home, or any of a number of scenarios, it is important to know the variety of mortgage products out there. For a certain type of homeowner, reverse mortgages offer an interesting proposition. There are downsides of a reverse mortgage to be aware of, […]

What are the Reverse Mortgage Rates in Canada?

With retirement looming or potentially knocking, more Canadians are being left to ponder their options. There are many financing options out there surrounding their home. But there is one option that many are turning to: reverse mortgages. But it is important to understand reverse mortgage rates. Both what they currently are, and what they may […]

What is the Future of Reverse Mortgages?

More and more Canadians are turning to reverse mortgages. The ability to borrow against equity in your home without having to make regular payments is attractive to Canadians of all income ranges. But what is the future of reverse mortgages in Canada? There have been questions about the viability of reverse mortgages. Questions like whether […]

What You Need to Qualify for a Reverse Mortgage

The older we get, the closer we get to retirement. While it would be great to plan well in advance and come up with the funds that we need for post-retirement, it doesn’t always work that way. Reverse mortgages provide a great way to get the funds that we need for post-retirement. But what are […]

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© 2024 Lotus Income - Specializing in Canadian Reverse Mortgages.  Although we make every attempt to ensure our reverse mortgage information is correct, Lotus Income does not guarantee the accuracy of the information on our website. Please speak to a mortgage broker for the latest details. Mortgage application form powered by Wizara.