Revealed – how high reverse mortgage debt became in Canada in 2020

Author: External Author | | Categories: Mortgage Broker , Mortgage Industry , Reverse Mortgage

0382_637454256533217744

The borrowing spree of Canada’s elderly is showing no signs of slowing down, with the national reverse mortgage debt balance swelling by 12.55% annually to reach $4.42 billion before the end of 2020.

Read More

Original Article Source Credits: Mortgage Broker News, https://www.mortgagebrokernews.ca/

Article Written By: Ephraim Vecina

Original Article Posted on: 5th January 2021

Link to Original Article: https://www.mortgagebrokernews.ca/news/reverse-mortgage/revealed--how-high-reverse-mortgage-debt-became-in-canada-in-2020-336561.aspx



READ MORE BLOG ARTICLES