Articles About Home Equity

Are Proceeds From a Reverse Mortgage Taxable?

Watch this 1 minute video to learn whether the proceeds from a reverse mortgage are taxable or not.

How do I get equity out of my home without selling it?

Watch this 1 minute video to find out how to get equity out of my home without selling it.

What is a recession and what does it mean for the average Canadian?

We often hear that a recession is coming. You may be wondering, why do we worry about recessions so much? Let’s gain a better understanding of recessions by looking at what a recession is and what does it mean for the average Canadian.

Canadian mortgage market: rising interest rates and what that means for consumers

After flat and falling interest rates for many years, 2022 has been the year of rising interest rates. We saw prime rates go up for the first time in almost 4 years. Fixed rates are going up as well.
Let’s look at what rising interest rates means for consumer in the Canadian mortgage market.

What is the best way to borrow money against your home?

Here are the most popular ways to borrow money against your home equity in Canada.

What You Should Know About Getting a Mortgage When You’re Self-Employed

When you’re self-employed, dealing with fluctuations in your income can be tough. What’s even tougher in some cases however, is trying to get a mortgage without a regular paycheque. Here’s what you need to know about getting a mortgage in Canada when you’re self-employed.

How to Repay a Reverse Mortgage

Reverse mortgages may have the word “mortgage” in the name, but unlike a traditional mortgage, you aren’t required to make any regular payments during the term of the loan. You do have to pay back the lender eventually though. Here are some of the ways you can pay back a reverse mortgage lender.

Reverse Mortgage vs. HELOC: When Each One is Best

Are you trying to decide between a reverse mortgage and HELOC? Here are some things to consider.

When is the Right Time to Take Out a Reverse Mortgage?

Is now the right time to apply for a reverse mortgage? Here is when taking out a reverse mortgage can make the most sense.

Pros and Cons of Reverse Mortgages

Are you considering a reverse mortgage? Here are some of the pros and cons.

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