Reverse Mortgage Information Blog

Why a Reverse Mortgage is Smarter than Credit

For many people who are getting a reverse mortgage, the choice is between a home equity line of credit, taking out more credit card debt, or a reverse mortgage. There are advantages and disadvantages to each particular method of financing. The biggest disadvantage of any... Read More →

New Technologies Allow Seniors to Stay in Their Own Homes Longer

With an increasing number of seniors choosing to remain in their homes rather than move to a nursing home or retirement community, advances in technology can give seniors and their families independence and peace of mind. New sensor and electronic-based home health care... Read More →

What the 2012 Federal Budget Means for Retirement Plans

While the 2012 budget may have spared seniors already in retirement any cuts to their benefits, those planning for retirement must now shave two years of Old Age Security (OAS) benefits off their retirement plans. For many, this could mean the difference between retiring... Read More →

Reverse Mortgages Getting Positive Press

Reverse mortgages were the subject of heavy criticism when they first became available. As the first batch of baby boomers are going through retirement and finding that even the best-laid retirement plans can leave them coming up short, reverse mortgages are becoming an... Read More →

Report on Old Age Security States No Need for Concern

Canada’s Old Age Security (OAS) benefits may not be in such bad shape after all, even with the surge of baby boomers reaching retirement age. According to a February 8 report from Parliamentary Budget Officer (PBO) Kevin Page, the government should be able to maintain... Read More →

Reverse Mortgages Are for Seniors, Not Retirement Planners

In an article published on the Advisor website in early February, the author discusses David Chilton’s attitude on reverse mortgages. Through his “Wealthy Barber” book series, Chilton has offered retirement advice to thousands of Canadians. However, the article veers... Read More →

Canadian Seniors Shouldn’t Worry About Retirement Benefits: Government

Prime Minister Stephen Harper dropped a bombshell at the World Economic Forum in Davos about trimming back Canadian retirement benefits that has been the talk of Ottawa and around the kitchen table for a lot of Canadians ever since. Specifically, he said that Canada’s... Read More →

Huge Growth in Reverse Mortgages in Last Quarter of 2011

Reverse mortgages, which allow senior citizens aged 55 and over to borrow money against the equity in their home, are becoming increasingly popular in Canada. According to a study by HomEquity Bank the number of seniors applying for reverse mortgages grew by 42 percent... Read More →

Winter Activities for Canadian Seniors

Freezing temperatures and grey days can make it tempting to batten down the hatches and hibernate. But winter is an excellent time to enjoy the seasonal activities and events taking place across Canada. Skiing and Snowshoeing Cross-country skiing and snowshoeing offer great... Read More →

Debt Counseling for Canadian Seniors

If you are finding your credit or other debt hard to manage after the holidays, you’re not alone. Many Canadian grandparents are tempted to spend just a little extra on their grandchildren, and that little extra can add up when you start stacking on expenses like hosting... Read More →

Next Page »