Senior Reverse Mortgage ? What Is Really The Idea

Senior Reverse Mortgage – What Is Really The Idea

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Pero confirms real-estate idea, but no launch date

Pero confirms real-estate idea, but no launch date
The real estate industry is abuzz with rumours that entrepreneur Mike Pero is about to launch a low-cost real-estate agency business.
Read more on Timaru Herald

6 Examples of When a Reverse Mortgage Might be a Bad Idea

1. Short-term needs
If you only need the money for a short period of time and then can repay the full balance, a home equity loan would probably be a better fit then a reverse mortgage. Why? Because a reverse mortgage is mostly for homeowners who do not intend to pay back the money they receive [...]

Is mortgage disability insurance a good idea?

I have 90 day disability at work, but I would like to know my mortgage is covered should I become disabled. I am single and do not have family, so am less worried about life mortgage insurance than disability. But, I don’t want to waste money either.

Is a reverse mortgage a good idea for elderly friends?

They own a small farm with a modest home and a barn but it is in an area where many fancy housing additions are going up. Their Social Security checks are very small and they have no other monthly income or savings accounts. Both are in their late 70’s and they need more [...]

Home Mortgage Refinance Loan: When is it a Great Idea?

Admittedly there are many reasons that we can think of that will warrant getting a home mortgage refinance loan. Of course, our main concern is to ensure that we still have the ownership of our home, and so have to have to refinance home mortgage. But still, we are having second thoughts about whether we [...]

Is it a bad idea to get CMHC mortgage insurance when buying a house?

My friend is planning to buy a house in Ontario. He’s pretty young, in his 20s and he might buy another house when he starts a family. He asked me if its a bad idea to get CMHC mortgage insurance when buying a house? Does it put a black mark on his credit record [...]