Reverse Mortgage Information Blog
Canadian Seniors Plan to Stay in Home After Retirement
August 26, 2011
A recent Ipsos Reid survey reveals that an overwhelming majority of seniors want to stay in their current home after retiring. The figure was 78% among those who had already retired and 61% for those who were planning to retire. The survey got its results from over a thousand... Read More →
Get Involved With Your Government on Senior Issues
August 3, 2011
In Canada, we’re pretty lucky. We’ve been largely insulated from the global economic crisis due to stalwart measures on the part of our financial system, and we have great programs for seniors. Add to that the fact that both Old Age Security and the Guaranteed... Read More →
Five Money-saving Tips for Retirement Living
July 27, 2011
While it may seem like a lot when you look at the dollar amount in the bank, the money that you have saved for retirement isn’t endless. You’re probably living off of a fixed amount of income that you take out monthly from a RRIF, or receive a pension cheque. The... Read More →
Keeping Yourself and Your Family Safe from Scams
July 25, 2011
Many fraudsters target the elderly because they are trusting and because they usually have access to money. Here’s how to keep yourself off of their radar and how to recognize them when they do show up. 1. Acting immediately is never mandatory If someone is selling... Read More →
Are You Living in an Age-Friendly City?
July 18, 2011
You don’t necessarily need to live in a large urban centre to be in a senior-friendly area. You do, however, need to have access to the following according to the World Health Organization in order to be in an area that can adequately meet your needs. Public Transportation While... Read More →
Using a Reverse Mortgage for Investments
May 25, 2011
You didn’t get to retirement without doing a little investing. Sometimes, you see opportunities that other, less trained eyes may not recognize as a great potential investment, and you want to jump on it when you do. But if you are retired, you do not have the disposable... Read More →
Travel with a Reverse Mortgage
May 25, 2011
Many Canadians get to retirement with enough savings to live on, but not to supplement travel or entertainment. While this seems like an easy sacrifice if your lives are filled with family and friends, you may find your thoughts straying to seeing the city in Europe you... Read More →
Paying for Health Care with a Reverse Mortgage
April 27, 2011
While we are lucky in Canada to have free basic health care, there are many services that simply are not covered by our tax dollars. These include prescriptions, medical equipment, and retrofits of the home to allow for those with mobility challenges to get around. A Horizon... Read More →
A Reverse Mortgage Could be for You
April 6, 2011
An older but delightful couple, Bud and Jan Lawrence, are retired grandparents with plans. The Lawrence’s are convinced that they should try to stay in their current home, because they have determined that downsizing and selling their house could cause them to unnecessarily... Read More →
Using a Reverse Mortgage for Family Gifts
April 6, 2011
If you already have a comfortable retirement planned but are looking for a safe, financially-savvy way to give large gifts to your family, consider a Canadian reverse mortgage. Maybe your children are having a wedding and you want to contribute some of the cost, or they... Read More →
