A reverse mortgage is one of the most common retirement tools, and it allows you to use tax-free cash if you have to cover-up any unexpected expenses. Known as the safest egg nest for a retiree, you can also put it out for home repairs, bills, and travels. However, several reverse mortgage myths have been floating around, creating a sea of confusion about home equity among most retired homeowners. Believing these misconceptions could dissuade you from accessing this product as financial support. To help you understand and steer clear of some misconceptions surrounding this mortgage solution, Cody Rowe - Mortgage Specialist, has debunked some of the most widely believed myths about reverse mortgages.
After the whirlwind year of 2020, making your finances work for you is already top of mind for Canadians. Why not roll that into a brand-new resolution moving forward into 2021? Here are some ideas to make your finances work for YOU in the New Year:
Whether you’re buying your very first home, purchasing a vacation or investment property, or renewing or refinancing an existing mortgage, there are many considerations to make along the way.
And with the many changes we’ve experienced in mortgage qualification rules, it has never been more important to rely on the expertise of a licensed mortgage broker to guide you through the homebuying and financing processes.
Prior to my finance career, I spent several years in the hospitality industry as a service manager; which provided me the attributes needed to understand someone’s situation while creating and building a solution. I would then go on to opening my first business in the textiles industry, which enhanced my financial acumen and love for numbers. During this period as a clothing entrepreneur, I received help from a mortgage broker and was surprised by how valuable the position could be in providing creative solutions to someone’s home purchase and financial plan.
There are many avoidable mistakes made by Canadians when buying their first piece of real estate. To help you steer clear of making some costly mistakes,Cody Rowe - Mortgage Broker has put together a list of the most common mistakes people make when buying their first house and how to avoid them.
I’m Cody Rowe, a mortgage broker from Victoria, British Columbia. I specialize in working with first-time buyer purchases, those with bruised or poor credit, and alternative financing. I began operating as a broker four years ago but previously worked for Scotiabank as a Financial Advisor, and as a Supervising Agent in the insurance industry. My knowledge and expertise is based on experience in various roles within the financial industry and has allowed us to provide creative solutions for clients.