reverse mortgage

Reverse mortgage best option for seniors

Reverse mortgages allow seniors to stay in their homes

Today's Toronto Star front page features a dejected senior citizen struggling to pay her rising municipal taxes. Purchased decades ago, mortgage long paid off, her house, in a groovy part of downtown, is now worth upwards of $700,000, having doubled in price in the last 10 years alone.

Written as a hard luck story, this "unfortunate" fixed-income senior can barely make ends meet, mortified of being forced to sell her long-time home.

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