How Does A Reverse Mortgage Work In Canada?

How does a reverse mortgage work in Canada? In this video I talk a little bit about how reverse mortgages work. I also review the difference between a reverse mortgage and a home equity line of credit. If you are not yet retired and think that you might want to have access to some of the equity in your home, it would be a good idea to look into setting up a Home Equity Line of Credit before you retired. I touch on that here in this video and some advantages to doing that. You can find more information about reverse mortgages here: https://mymortgagebroker.com/how-does-a-reverse-mortgage-work-canada https://mymortgagebroker.com/what-are-the-pros-and-cons-of-a-reverse-mortgage https://mymortgagebroker.com/who-qualifies-for-a-reverse-mortgage If you have questions, please comment below. I'm happy to answer your questions or create a new video that answers your questions.