What you should know before taking out a reverse mortgage
If you’re over 55 and still live in the home you own, a reverse mortgage can help to increase your cash flow.
In many cases, the typical revenue sources—OAS, CPP, savings and pensions—fall short, says personal finance trainer, David Trahair, CPA. “It’s largely because some people didn’t save enough and have been spending more than they have been making.”
Original Article Source Credits: CPA Canada , https://www.cpacanada.ca/
Article Written By: DENISE DEVEAU
Original Article Posted on: 8.3.2021
Link to Original Article: https://www.cpacanada.ca/en/news/canada/2021-08-03-reverse-mortgages