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Reverse Mortgage Blog

Getting a Reverse Mortgage? Don't Make This Mistake!

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Grey Divorce and Reverse Mortgages

We look at divorce rates for seniors and how they can buy out their spouse easily using a reverse mortgage.

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Seniors

Here are the 10 Steps to Apply for a Reverse Mortgage

We break down the reverse mortgage application into 10 steps for you. No Surprises!

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Seniors

Why Google's Top Ranked Reverse Mortgage Calculators are Dangerous For Canadians

Be careful using the top results on Google when searching for reverse mortgage calculators.

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Seniors

15 Signs It's Time to Think About a CHIP Mortgage

Not sure if a CHIP Mortgage is right for you? Here are 15 reasons it may be the right time to get a CHIP Mortgage.

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Benefits

What Are Your Reverse Mortgage Obligations?

As a homeowner, what are your obligations once you get a reverse mortgage?

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Seniors

Senior Housing Satisfaction Levels: Exploring Aging in Place & Reverse Mortgages

How happy are seniors with their homes? We look at a recent Canadian study to see trends.

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Seniors

Seniors Downsizing in Canada: Exploring Bridge Financing & Reverse Mortgages

Learn about bridge financing when you want to buy a new home but have not sold your home yet.

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Seniors

HomeEquity Bank's CHIP Reverse Mortgage Review 2023

Learn everything you wanted to know about the CHIP Reverse Mortgage!

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Seniors

How Seniors Can Reduce Property Taxes & Use Reverse Mortgages to Help

Learn about property tax relief options for seniors & see how reverse mortgages can help.

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Seniors

Should You Work With a Seniors Real Estate Specialist

Should you work with a realtor with a Seniors Real Estate Specialist designation? What are the pros & cons?

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Seniors

9 Loan Options for Seniors with Bad Credit in Canada

Are you a senior with bad credit? Our experts discuss the top 9 loan options for you to consider.

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The Impact of Interest Rates on Reverse Mortgages

Do interest rates change with a reverse mortgage? Get expert tips on navigating reverse mortgage interest rates from RetireBetter.

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Personal Care Costs: Families Use Reverse Mortgages to Cope

Use reverse mortgages to pay for personal in-home care. Compare alternative options.

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Can You Get an FHA Loan in Canada?

Learn Your Options for Insured Loans or Reverse Mortgages in Canada.Learn the differences between FHA and CMHC. | RetireBetter

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Reverse Mortgage Statistics in Canada: The Party Continues in 2023

How has the Bank of Canada's inflation policy affected demand for reverse mortgages in Canada? See July 2023 market statistics and trends.

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Let’s Discuss Reverse Mortgage Horror Stories

Can reverse mortgage horror stories happen in Canada? Can homeowners lose their home with a reverse mortgage? We bust the myths. | RetireBetter

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Seniors

Can Seniors Get a Mortgage in Canada?

Can you be too old for a mortgage? Are there mortgages for low income seniors? We discuss traditional mortgages, HELOCs and reverse mortgages.

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Benefits

The Impact of Interest Rates on Reverse Mortgages

Do interest rates change with a reverse mortgage? How do interest rates for reverse mortgages work? Get expert tips on reverse mortgage interest rates

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Which Lenders Offer Reverse Mortgages in Canada?

Do RBC, TD, CIBC, Scotia, BMO branches offer reverse mortgages? Learn about reverse mortgage lenders in Canada with RetireBetter.

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How to Use a Reverse Mortgage Calculator

Learn how to use a reverse mortgage calculator and understand the factors it considers. Make informed decisions about your financial future with RetireBetter.

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Seniors

Protecting Your Loved Ones: The Surprising Truth About Reverse Mortgages and Inheritance

See how you can benefit from a reverse mortgage and still preserve your family's inheritance. Learn benefits, dispel myths and go over a real-life case study.

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Reverse Mortgage Fees Explained: Initial & Ongoing Costs

Compare initial setup costs and ongoing service fees of CHIP reverse mortgages and Flex reverse mortgages.

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The Best Reverse Mortgage Calculators in Canada Reviewed

Our experts reviewed the top-ranking reverse mortgage calculators on Google.

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Seniors

What Are the Age Rules for a Reverse Mortgage in Canada?

Can you be too young or too old to qualify for a reverse mortgage? Why does the age rule exist? Are there exceptions? Our experts at RetireBetter discuss.

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Benefits

When is a Reverse Mortgage A Good Idea?

We describe 14 types of people who should get a reverse mortgage. Are you one of them? Our experts share their insights.

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Reverse Mortgage vs Refinance Mortgage: Which is Better?

If you're 55+, when is a reverse mortgage better than a refinance mortgage? Learn the differences and how to decide if one option is better for you.

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$How Is Interest Calculated for Reverse Mortgages in Canada?$

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How Is Interest Calculated for Reverse Mortgages in Canada?

See how interest is calculated on reverse mortgages from HomeEquity Bank and Flex reverse mortgage from Equitable Bank. Our experts explain it all.

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Memorable CHIP Reverse Mortgage Commercials from HomeEquity Bank

We answer that question and also tell you who is the figure skater in the HomeEquity Bank commercials. All the reverse mortgage ads in one spot.

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Seniors

Unable to Downsize Due to Housing Shortage: What Can Seniors Do?

Retired homeowners cannot downsize due to a shortage of suitable housing in Canada. See how a reverse mortgage allows homeowners to age in place.

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Benefits

What are Canadians’ Debt to Income Levels in 2023?

We look at economic data from Statistics Canada showing household debt-to-income statistics.

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Can Homeowners with Bad Credit Get a Reverse Mortgage?

Can you get a reverse mortgage if you have bad credit? Can a reverse mortgage affect your credit score?

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Rising Interest Rates: Is the CHIP Reverse Mortgage Party Over?

Research and expert commentary on the impact of rising interest rates on CHIP reverse mortgage popularity and HomeEquity Bank's reverse mortgage portfolio.

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The 2022 Canadian Reverse Mortgage Market: A Year of Significant Growth

Research and expert commentary on HomeEquity Bank and Equitable Bank reverse mortgage market performance.

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Getting a Reverse Mortgage? Don't Make This Mistake!

Avoid this mistake if getting a reverse mortgage. Get expert advice from RetireBetter.

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A Guide to Using a Mortgage Broker in Canada

Read our insider's Guide about mortgage brokers: Learn what they do, how to find the best one and what they cost. Get expert insights from RetireBetter

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How to Downsize with a Reverse Mortgage

Explore the option of downsizing your home with the help of a reverse mortgage in this informative guide.

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An Introduction to Reverse Mortgages in Ontario [Updated Nov 2023]

Discover the benefits and possibilities of reverse mortgages in Ontario with this comprehensive introductory guide.

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How to Buy a Home with a Reverse Mortgage in Canada

Discover how to buy a home with a reverse mortgage in Canada. Learn the benefits, misconceptions, and factors to consider. Contact RetireBetter today!

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Seniors

Aging in Place: A Guide for Canadian Retirees

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How to Repay a Reverse Mortgage: A Guide for Homeowners

Discover how to navigate the repayment of reverse mortgages in Canada. Learn about prepayment penalties, early repayment benefits, and more with RetireBetter.

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Seniors

Applying for a Reverse Mortgage? Do Credit Scores Matter?

Unlock your dream retirement with RetireBetter. Discover how your credit score impacts your reverse mortgage eligibility. Empower your retirement today!

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Benefits

How to Pay Off Your Mortgage Faster with a Reverse Mortgage

Discover how a reverse mortgage can help you pay off your mortgage faster. Gain financial freedom with RetireBetter, Canada's trusted reverse mortgage expert. Learn more today!

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Seniors

The Ultimate Guide to CHIP Reverse Mortgages in Canada

Here’s your ultimate guide to CHIP reverse mortgages in Canada.

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Seniors

Reverse Mortgages: Better for Seniors than Home Equity Loans?

Here’s everything you need to know about reverse mortgages. Is it better than home equity loans?

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Benefits

Are Reverse Mortgages Safe and Legitimate in Canada?

Unlock your home equity safely and legitimately with a reverse mortgage in Canada. Discover the features, protections, and benefits of a reverse mortgage, and learn about eligibility and the application process. RetireBetter offers expert advice to help you boost your financial security and peace of mind in retirement.

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Benefits

The Guide to Reverse Mortgage Costs: A Must-Read for Retirees

RetireBetter's complete guide to reverse mortgages for retired homeowners covers interest rates, fees, closing costs and more. Get expert advice and make an informed decision about reverse mortgage costs.

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Benefits

Should Seniors Take a Reverse Mortgage or a Home Equity Loan?

Here’s your ultimate guide on reverse mortgage vs home equity loan.

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Seniors

Seniors Beware: 8 Reverse Mortgage Scams You Need to Know

Protect yourself from reverse mortgage scams with our expert tips and advice. Learn about high-pressure sales tactics, hidden fees, identity theft, loan flipping, unlicensed advisors, investment scams and misuse of funds. Cite Canadian sources and discover RetireBetter as a resource for seniors. Safeguard your retirement and finances.

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8 Questions to Ask Before Taking Out a Reverse Mortgage

Unlock the potential of your home's equity with a reverse mortgage. But before you do, ask these 8 key questions to make an informed decision.

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Potential Reverse Mortgage Pitfalls You Need to Know

What are the potential pitfalls of a reverse mortgage? Read this comprehensive guide about reverse mortgage pitfalls.

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How Does a Reverse Mortgage Work When You Die?

What happens with your reverse mortgage when you die? How can your heirs pay off a reverse mortgage? Learn about paying off reverse mortgages and options for your heirs.

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11 Pros and 8 Cons of a Reverse Mortgage [Updated Oct 2023]

We share the 11 advantages and 8 disadvantages of getting a reverse mortgage in Canada. Get our honest views!

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Unlock Your Home’s Equity - Say Goodbye to Mortgage Payments

Discover how to unlock the equity in your home with Reverse Mortgage and say goodbye to mortgage payments. Our expert guidance helps you leverage your home's value and achieve financial freedom.

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HomeEquity Bank vs Equitable Bank: Comparing Reverse Mortgage Lenders

We compare the CHIP Reverse Mortgage with Equitable Bank's reverse mortgage. See which comes out on top!

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Reverse Mortgage Pitfalls and How to Avoid Them

Retire Better acknowledges that reverse mortgages can be a useful financial instrument for seniors seeking to access their home equity during retirement. Nevertheless, like any other financial product, there exist potential hazards that you should recognize before reaching a verdict.

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Seniors

The Pros and Cons of Downsizing for Seniors

Here are a few tips to help you create and run your own successful business.

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Scams

Reverse Mortgage Scams You Should Be Made Aware Of

Although reverse mortgages are not inherently problematic, con artists and scammers exploit their widespread use to prey on vulnerable seniors. This article offers guidance on how older adults can safeguard themselves from these prevalent fraudulent activities and ensure a secure retirement.

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Seniors

Combine Your Pensions with a Reverse Mortgage

Reverse mortgages can benefit seniors who wish to supplement their retirement income and stay in their homes. This article will explore how integrating reverse mortgages with Canada Pension Plan (CPP) and Old Age Security (OAS) benefits can enhance retirement planning.

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Benefits