Reverse Mortgages | How to get Money out of Your Home in Retirement
This week on CTV Morning Live, Peter shares insights on accessing the equity in your home and clears up common misconceptions about reverse mortgages. He explains three key rules:
- No monthly payment – You’ll never be asked to make one.
- Stay as long as you’d like – Mortgage repayment isn’t required as long as you live in your home.
- No negative equity guarantee – The bank takes the risk, ensuring you never owe more than your home’s value.
Stay informed and in control of your finances – tune in for the answers you need.