How to use equity to buy a second home
We look at four common ways of financing the purchase of a second property using equity built up in...
Reverse Mortgages
Buying a second home: How it works in Canada
Here’s what home owners and investors should know about the rules, financing options and tax implications of buying a...
Why a reverse mortgage should be a last resort for most Canadian retirees
Reverse mortgages do the job of freeing up income for house-rich, cash-poor Canadian seniors. But their terms are often...
Should retirees consider a home equity sharing agreement (HESA)?
Home owners have a new way to tap their home equity. How does the HESA compare to a reverse...
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“Which reverse mortgage is right for me?”
Two lenders in Canada offer reverse mortgages—and while their offerings are similar in many ways, there are key differences...
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What happens at the end of a reverse mortgage?
Myth: seniors who sign reverse mortgage contracts will lose possession of their homes. In fact, there are three common...
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Downsizing vs reverse mortgage: Which option is right for you?
Depending on your age, where you live currently and where you want to live in retirement, selling your home...
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House rich: How to access the equity in your home
With property values continuing to increase in many parts of the country, many homeowners are looking for ways to...
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Reverse mortgage vs HELOC: Deciding the best way to access the equity in your home
If you don’t have income, or suddenly face a job loss or emergency expense, it may be difficult to...