Pros & Cons of Reverse Mortgages
Posted on Jan 08, 2025 in Mortgages
Pros and Cons of Reverse Mortgages in Ontario, Canada
A reverse mortgage is a financial product that allows homeowners to borrow against the equity in their home, receiving tax-free loan advances without the requirement to make monthly payments. In Ontario, Canada, this option is gaining attention as more people look for ways to supplement their ret...
New Mortgage Rules Beginning Dec. 15th
Posted on Oct 21, 2024 in Mortgages
New Mortgage Rules Beginning December 15th
We have more clarification of the new mortgage rules being implemented on December 15th.
1. The 30 year amortization is available for ALL first-time home buyers, provided at least one person is a first-time buyer.
Definition of First Time Buyer – never having owned, if you have not owned for 5 years or longer...
