Reverse mortgage business is booming in Canada as seniors tap home equity to pay debts
Canada’s largest reverse mortgage lender posted record originations last year, with factors such as disappearing workplace pensions and stringent stress tests for borrowing pushing seniors to tap home equity in order to pay debts and fund their retirement.
Original Article Source Credits: Financial Post , https://financialpost.com/
Article Written By: Barbara Shecter
Original Article Posted on: Jan 14, 2020
Link to Original Article: https://financialpost.com/real-estate/mortgages/reverse-mortgage-business-is-booming-in-canada-as-seniors-tap-home-equity-to-pay-debts
