Everything you need to know about reverse mortgages

For older Canadian homeowners, a reverse mortgage can be the perfect way to generate tax-free funds without sacrificing quality of life. You stay in your home, don’t need much income or perfect credit, and don’t have to make payments.
For older Canadian homeowners, a reverse mortgage can be the perfect way to generate tax-free funds without sacrificing quality of life. You stay in your home. You don’t need much income or perfect credit. And you don’t have to make loan payments, ever. We know those terms sound almost too good to be true, but a reverse mortgage is simply a quick, practical way to withdraw some cash value from your home before you sell it. Here’s how it works.
About the author

The LowestRates.ca writing team focuses on telling original stories and bringing you the latest news in the world of personal finance.