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Canadian Reverse Mortgages

What are the Benefits of a Reverse Mortgage?

With all of the different mortgages out there, it can be difficult to keep track. So, for those eligible for reverse mortgages, it is just another option on the table to be aware of. Knowing the benefits of a reverse mortgage is a good place to start. Being educated on the subject will leave you […]

Reverse Mortgage Facts

Reverse mortgages offer options to those at or nearing retirement who are “cash poor”. Planning is fine and well, but life intervenes from time to time. Even the best of intentions can be derailed by life’s emergencies. But knowing some reverse mortgage facts can help those interested get a better idea about the product. The […]

Reverse Mortgage Calculator in Canada

A reverse mortgage is the type of loan that is secured by a home. The great thing about reverse mortgages is that they allow you to access the equity in your home without the need to sell it altogether. Having a helpful tool, like a reverse mortgage calculator, can help you know what to expect […]

Misconceptions About Reverse Mortgages

Though some experts may not like it, reverse mortgages have become an essential finance option for Canadian retirees. Though there are misconceptions about reverse mortgages, they provide options for those nearing retirement age. Whether it be to provide supplementary income, pay off debt, perform home renovations, or any other reason, Canadian seniors can use reverse […]

How Much Does a Reverse Mortgage Pay?

Retirement savings is a major concern for Canadians everywhere. Those approaching retirement are looking for different avenues to meet their retirement income needs, take care of major projects, and pay off debt. That said, there is one important question that Canadian seniors need to understand: how much does a reverse mortgage pay? In order to […]

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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.