There was an interesting article in today's Toronto Sun about reverse mortgage. Click here to read the complete article.
They've been around for a long time in several other countries including England and are just now starting to raise their profile here.
My thoughts on them? At this point, I would consider one only as a last resort. There are high set-up fees and the interest rates are higher than mortgage rates. I would talk to my lender *and* my lawyer for other possible alternatives before going down this path.
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