The pandemic housing craze is fuelling another boom: reverse mortgages

Author: External Author | | Categories: Mortgage Agent , Mortgage Broker

Blog by Melissa Henderson - Mortgage Agent

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.

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Original Article Source Credits:   Global News , https://globalnews.ca/

Article Written By:  Erica Alini 

Original Article Posted on:  January 30, 2021 

Link to Original Article:  https://globalnews.ca/news/7602336/the-pandemic-housing-craze-is-fuelling-another-boom-reverse-mortgages/



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