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How do reverse mortgages work?
Many Canadian retirees homeowners are home equity-rich but investment-light.
Whether it’s to fund their 20 to 30 years retirement or simply to access money for a project without a monthly repayment obligation, a reverse mortgage can offer an opportunity to unlock that home equity and provide much-needed cash flow.
Today we’re joined by experienced independent mortgage broker Morgan Englebretsen to talk about the ins and outs of reverse mortgages and what Canadian homeowners need to know to make an informed decision.
In this episode, Morgan and Keith talk about the ideal candidates for a…
The skinny
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