The writer is a reverse mortgage broker with numerous reverse mortgage clients.
People tend to shy away from the very idea of reverse mortgages, in part because of their former bad rap, and in part because of all the scary terminology. If you’re one of millions of people who are unfamiliar with real estate terms, when someone starts spouting off about how you can “utilize the equity in your home on deferred payments with a conversion mortgage,” chances are pretty good you’re going to tune it out. In fact, that’s why I wrote this article to give seniors and their families facts and tips about reverse mortgages in language that’s as approachable as a big-eyed puppy (unless you’re a cat person, then just think of it as a little fluffy kitten). We want you to fully understand the benefits and disadvantages of getting a reverse mortgage. We want you to walk into that loan originator’s office knowing exactly what you want. And most importantly, we want you to feel good about whatever decision make for your financial future.
Vancouver real estate is the topic of most conversations in BC. Duncan’s Vancouver mortgage business is gives him the insight to provide topical articles on the state of Vancouver real estate.