What happens in a reverse mortgage?

Reverse Mortgages have had a bad connotation for a while, but what really happens with a reverse mortgage, if you have asked yourself these questions, tune in to listen to our feature guest Cherryl Small - Mortgage Broker

·       Is a Reverse Mortgage for everyone?

·       Why do you see people taking out a Reverse Mortgage?

·       How much can you be approved for?

·       Can you access all of the funds at once?

·       Are there penalties for paying off the mortgage early if you change your mind?

·       Will the bank own my home?

·       No monthly payments required, that can’t be right?

·       Will I have anything left for my family?

·       I already have a mortgage; can I still get a Reverse Mortgage?

·       Can a RM be arranged by a POA (Power of Attorney)

·       Does a RM affect money you get from the government monthly?

If you have any additional questions please comment and we will get back to you, you can also contact

Cherryl Small (Mortgage Broker)

https://www.mortgagesbycherryl.ca/
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