Reverse mortgage: What is it and how it works

💰 𝗣𝗿𝗲𝘀𝗲𝗿𝘃𝗲 𝗬𝗼𝘂𝗿 𝗛𝗼𝗺𝗲 𝗘𝗾𝘂𝗶𝘁𝘆 𝘄𝗶𝘁𝗵 𝗮 𝗥𝗲𝘃𝗲𝗿𝘀𝗲 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲! 💰 Wondering how much money you can access with a reverse mortgage? While you can unlock up to 55% of your home's value, many factors come into play! Your age, property value, and location all affect the loan amount, with a goal of maintaining your home’s equity. 📈 𝗚𝗼𝗼𝗱 𝗡𝗲𝘄𝘀: Even with interest accruing, the value of your home is likely increasing too! On average, Canadian homes have apprecia