Reverse mortgages should be a last resort

Investors should look for lower cost borrowing options, as reverse mortgages could have interest rates as high as 7%, says certified financial planner Jason Heath

Ruth Saldanha 28 January, 2019 | 6:00PM
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Ruth Saldanha: With the growth of reverse mortgages on the rise in Canada we decided to take a closer look at the product. What kind of investor should consider reverse mortgages and what does it mean to an overall financial plan? Certified Financial Planner Jason Heath of Objective Financial Partners is here with us today to discuss this. Jason thanks so much for joining us.

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Ruth Saldanha

Ruth Saldanha  is Senior Editor at Morningstar.ca. Follow her on Twitter @KarishmaRuth.

 
 
 

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