Reverse mortgage interest rates are actually fair when you consider how much risk the banks take on when offering reverse mortgages. Normal mortgages tend to favour the banks (the lenders). This is because of those mortgages’ contractual terms. On the other hand, reverse mortgages offer the borrowers (the homeowners) much more security. So what are […]
What is a living inheritance? A “living inheritance” is money given to kids or grandkids now instead of waiting to bequeath it through a will. In Canada, especially among the baby-boomer generation (born between 1946 and 1964), it’s becoming more and more common. The reasons are simple: younger generations can’t afford to buy their own […]