11 August 2011
“We see a serious disconnect between what the Canadians want in their future and what they have in the end”, – said Greg Bandler, Senior Vice President, HomEquity Bank. “Debt may be a major negative factor affecting retirement plans. But there’s always a way out, for example, your home equity can help you improve cash flow and reduce high-interest debt. In other words, homeowners can turn their houses into an additional asset source”.
It looks like reverse mortgages are becoming more popular now. If you are over 55 and have much equity in your home, please, consult your mortgage broker to find out how you can benefit from your own property and finance the life of your dreams.