Reverse Mortgage EXPLAINED: What They Don’t Tell You | The Mortgage Den
In this episode of The Mortgage Den by Northwood Mortgage, Principal Broker Nick Da Silva and Mortgage Agent Natalie Araujo break down the truth about reverse mortgages in Canada—debunking myths around home ownership, inheritance, and interest rates. Learn how homeowners 55+ can access tax-free income while keeping full title to their home and avoiding monthly payments. Discover how reverse mortgages can be used to eliminate existing mortgages, delay CPP/OAS withdrawals, or help adult children, all while preserving estate equity. The hosts also explore what happens when the homeowner dies, repayment timelines, and the real risks of second mortgages in a declining market. Whether you're planning for retirement or exploring lending options, this episode is packed with must-know insights for Canadian homeowners.
Hosted on Acast. See acast.com/privacy for more information.
