toronto mortgage: What Is A Reverse Mortgage?
- 08/07/08 03:00 AM
Today, there's lots of talk to those in their twenties and thirties about putting money aside for retirement. It's good advice but the men and women retiring today weren't given that same advice 35 years ago. So, in order to supplement their retirement, many retirees are looking to their most valuable asset to help them get by: their home.In order to access the equity in their homes, some retirees opt to tap into the equity in their home through a traditional refinance loan. However, others are finding that reverse mortgages are a more appealing option. The primary reason: Homeowners who choose … (2 comments)
Today, there's lots of talk to those in their twenties and thirties about putting money aside for retirement. It's good advice but the men and women retiring today weren't given that same advice 35 years ago. So, in order to supplement their retirement, many retirees are looking to their most valuable asset to help them get by: their home.In order to access the equity in their homes, some retirees opt to tap into the equity in their home through a traditional refinance loan. However, others are finding that reverse mortgages are a more appealing option. The primary reason: Homeowners who choose … (2 comments)
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