REVERSE MORTGAGES | What you NEED TO KNOW | Pros and Cons
TIME STAMPS
- Introduction- Reverse Mortgages (00:50-1:12): Evelyn introduces Corina and sets the stage for the conversation, shedding light on the topic of reverse mortgages.
- Understanding Reverse Mortgages in Canada 0(1:37- 2;05): Corina explains what reverse mortgages are in the Canadian context.
- What is a Reverse Mortgage and Who is it for? (2:08 -2:36): Understand the meaning of a reverse mortgage and who it is for.
- Qualifications for a Reverse Mortgage (2:38 - 4:35): What are the qualifications for a reverse mortgage.
- How Reverse Mortgages works and how it can potentially benefit you (4:46 - 7:30): Corina explains how a reverse mortgage works and various uses for a reverse mortgage that can potentially benefit your situation.
- Practical Uses of a Reverse Mortgage (9:00-11:40): Evelyn and Corina explore the many ways funds from a reverse mortgage can be used, from home improvements and paying off debts, to fulfilling personal dreams and securing financial stability.
- Qualifications for a Reverse Mortgage (11:40 -12:33): Find out what some of the qualifications are for a reverse mortgage from age, to maximum loan amounts and more.
- Two Types of Reverse Mortgage set-ups (12:50 - 13:35): Learn about the two types of reverse mortgage set ups- lump sum payments and monthly payments.
- Terms within a Reverse Mortgage(15:20 - 16:03): Learn about term options.
- Costs associated with a Reverse Mortgage (16:30 -17:50): What are the costs associated with setting up a reverse mortgage and how are they paid.
- Practical Advice regarding Reverse Mortgages (17:51 - 20:58): Evelyn and Corina provide some practical advice and tips surrounding reverse mortgages.
- Guest Contact Information (20:59 - 21:39) Contact information for guest Corina Murphy, mortgage Broker and Team Lead with Premiere Mortgage.
- Conclusion and Key Takeaways The episode provides a greater understanding of Reverse Mortgages in Canada, the uses, qualifications and costs, emphasizing the power and potential of reverse mortgages.
Call to Action: Visit the Realty Bytes website for additional resources on reverse mortgages and the accompanying blog - REVERSE MORTGAGES CANADA: Unlocking the Value of Your Home Equity
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For more information you can check out or BLOG at https://www.realtybytes.ca/blog
Contact information:
Corina Murphy
416-884-1428
corina@premieremortgage.ca
Evelyn Lopes | The Evelyn Lopes Realty Team | iPro Realty Brokerage
905-965-5902
evelyn@evelynlopes.com