Frequently Asked Questions

Canadian Reverse Mortgages

Isn't a Home Equity Line of Credit better?

HELOCs can be great for short-term borrowing, where the amount will be paid back in the near future. But, for long-term financial solutions the reverse mortgage is a better option. Here's why:

  • No monthly payments
  • You're protected against depreciation of your home
  • You are never forced to move out of your home

All you have to do is meet your commitments

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