Ontario & Alberta Mortgage Professional reveals Reverse Mortgages: What You Need To Know

If this doesn't apply to you, perhaps you know someone over 60 who might find it helpful. A reverse mortgage lets you turn your home's equity into cash without having to move or make monthly payments. It's designed for homeowners 60 and over who want to "spend down" their home equity. If you or someone you know is in this situation and needs extra cash flow, here are some things to consider before choosing a reverse mortgage. If you're looking for a top-notch mortgage professional in Toronto, call us at (866) 492-4024.