Downsizing vs reverse mortgage: which option is right for you?
For many Canadians approaching retirement, their home is by far their largest asset. With detached homes in major cities selling for well above $1 million, it’s not surprising that owners expect to tap into that equity to help fund their golden years, prompting the common refrain: “My home is my retirement fund.”
Original Article Source Credits: Money Sense , https://www.moneysense.ca/
Article Written By: TAMAR SATOV
Original Article Posted on: FEBRUARY 1, 2021
Link to Original Article: https://www.moneysense.ca/spend/real-estate/downsizing-vs-reverse-mortgage-which-option-is-right-for-you/