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Reverse Mortgage vs. HELOC: Key Differences Every Homeowner Should Know

An older adult cheerfully holding the keys to their home.

A reverse mortgage and home equity line of credit (HELOC) allow you to unlock the equity in your home, but choosing the right option matters. Each comes with its advantages and drawbacks. 

Reverse mortgages are ideal for older adults (55+) looking to supplement their income without monthly repayments. HELOCs cater to people seeking accessible, flexible funding. […]

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What Is a Reverse Mortgage in Canada

Two rows of building blocks with letters printed on them spelling out the words Reverse Mortgage with a small plastic house sitting on top of the blocks

From home equity lines of credit (HELOCs) to refinancing your mortgage, there are several unique ways you can leverage your home and reach your financial goals. Even as you get older, you can use your home to help support your retirement. While you can tap into the income provided by your RRSP, Canadian Pension Plan, […]

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