The pandemic housing craze is fuelling another boom: reverse mortgages
With interest rates at rock bottom and home prices skyrocketing, reverse mortgages are losing their stigma.
Once considered by many a last-ditch solution for cash-strapped seniors, reverse mortgages have been growing in popularity for years. But the housing boom that’s taken hold in much of Canada during the COVID-19 pandemic is giving reverse-mortgage lenders yet another boost.
Original Article Source Credits: Global News , https://globalnews.ca/
Article Written By: Erica Alini
Original Article Posted on: January 30, 2021