Reverse Mortgage Information Blog

Reverse Mortgages and Your Taxes

Being a senior in retirement, one of your major concerns is probably how much you will be paying in taxes each year, since it can really affect your cash flow. You likely think about it when determining how much of your RRSPs to withdraw, since upon withdrawal the funds... Read More →

Reverse Mortgage for a Second Home

Many people question if the Canadian Home Income Plan’s (CHIP) reverse mortgage is available to be applied to a second home or vacation home.  Unfortunately, in order to qualify for a CHIP reverse mortgage, your home must be your principal residence.  That being... Read More →

What are Risks of Reverse Mortgages

As with any standard mortgage, reverse mortgages have a certain degree of risk associated with them. Your home is, after all, probably the single most valuable asset that you will possess during your lifetime. That being said, there are a couple of risks associated with... Read More →

How Does a Reverse Mortgage Work?

Great Question! A Reverse Mortgage works similar to a typical Canadian mortgage in many ways, however, it also has some key differences. A Canadian Reverse Mortgage is designed specifically to meet the needs of Canadians 60 years of age and older and your unique circumstances. A... Read More →

What is a Reverse Mortgage?

A Canadian Reverse Mortgage is a financial tool that provides Canadian seniors with cash flow from the equity in their homes. In general, no payments are expected to be made on a reverse mortgage until the home is sold. A Canadian Reverse Mortgage can offer substantial... Read More →

Top Mortgage Broker Launches Horizon Equity

First Foundation Residential Mortgages, and brokerage owner Gordon McCallum, recently named by CMP magazine as one of the Top Brokers in Canada, is pleased to announce a new division dedicated to reverse mortgages, Horizon Equity. A Reverse Mortgage through Horizon Equity,... Read More →

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