More seniors expected to turn to reverse mortgages due to COVID-19

Author: External Author | Sep 23, 2020 | Categories: Accredited Mortgage Professional , Borrowed Down Payment , First Time Home Buyer Mortgage , Flex Down Mortgage , Home Equity Line Of Credit , Mortgage Broker , Mortgage Refinance , Mortgage Renewal , New to Canada Mortgage , Purchase Mortgage , Purchase Plus Improvement Mortgage , Real Estate Mortgage , Reverse Mortgage , Spousal Separation

The novel coronavirus pandemic is driving renewed interest in reverse mortgages, as cash-strapped seniors look for financing options and rethink their plans to spend their last years in long-term care homes.

CLICK HERE TO READ THE FULL ARTICLE

Original Article Source Credits: Global News , https://globalnews.ca/

Article Written By: Erica Alini

Original Article Posted on: June 9, 2020

Link to Original Article: https://globalnews.ca/news/7039802/covid-19-reverse-mortgages-canada/